jrrsparkles
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March 01, 2024, 08:19:58 PM |
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If your intention is just to preserve the value of your holdings then investing on the bonds or even digital gold is the right option but when are talking about investment it does give more returns but at the same time it adds the risk of losing your capital value so only who wants to press that pedal should go for investment or else they should stick with savings but not in anything that is affected by inflation.
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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goldkingcoiner
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Verified Bitcoin Hodler
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March 01, 2024, 08:23:29 PM |
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There are two types of consequences: if you have money on your bank account they lose their purchasing power because you are subjected to an "implicit tax" because your saving are cut by the increasing in the price level. So you should be able to invest your money in bond or in the Capital market in order to close the gap with the inflation rate.
Obviously investing you can achieve more profits but losses at the same time, due the equation more yield and more risks.
If you want an advice you can just think to invest your money in bond because Central Banks will decrease interest rates in the long run because inflation is falling sharply.
When you are holding anything you consider of value; fiat, Bitcoin, gold, cars, silver spoons etc. you are already investing in something that has a value which goes up and down. And during inflation, fiat is the investment which loses value. So obviously it is smart to come prepared and know what else you can invest your fiat into. Or you can diversify and not have to worry about one thing. But as a rule of thumb, you should expect most of your investments to go down during inflation. There is no need to fear it. It has happened and will happen again. But that does not mean it will last forever.
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kentrolla
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March 01, 2024, 08:47:17 PM |
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Saving in fiat is always a mistake and no one becomes rich because of saving as the amount you save will be depreciating as inflation is on rise and the interest you get from bank cannot catch up with the inflation, there are people who invest into sovereign gold bonds, stocks and mutual funds I think they are better because SBG is same as gold and stocks and mutual funds do provide decent appreciation if you plan them well but Bitcoin outshines them all but still old fellows will be more inclined towards traditionally investment methods. I would say we can have win-win situation by diversifying the portfolio between stocks, mutual funds and Bitcoin.
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Queentoshi
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March 01, 2024, 09:00:56 PM |
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Saving in fiat is always a mistake and no one becomes rich because of saving as the amount you save will be depreciating as inflation is on rise and the interest you get from bank cannot catch up with the inflation,
This is true and if you do not want to invest and you want to save then save in a currency or save your household income in something that domestic inflation cannot affect. Do you want to save money in banks or save money your piggy vest just know that that money will lose value with time and although it's a good thing that you are doing saving money you are doing it the wrong way and wasting your time. If you don't like to think of it as investing in Bitcoin because you do not see yourself as someone who has enough money for investment yet, then think of it as you are saving your household money in bitcoins.
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AmoreJaz
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Leading Crypto Sports Betting & Casino Platform
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March 01, 2024, 11:38:56 PM Last edit: March 01, 2024, 11:49:27 PM by AmoreJaz |
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Saving in fiat is always a mistake and no one becomes rich because of saving as the amount you save will be depreciating as inflation is on rise and the interest you get from bank cannot catch up with the inflation,
This is true and if you do not want to invest and you want to save then save in a currency or save your household income in something that domestic inflation cannot affect. Do you want to save money in banks or save money your piggy vest just know that that money will lose value with time and although it's a good thing that you are doing saving money you are doing it the wrong way and wasting your time. If you don't like to think of it as investing in Bitcoin because you do not see yourself as someone who has enough money for investment yet, then think of it as you are saving your household money in bitcoins. You can always divert your funds into other investments such as real-estate or gold jewelry or other precious metals. Because the money in the bank is just like for safe-keeping purposes. You can't expect any significant interest that will come out of your funds if it is in your bank account, unless you avail the time deposit or other financial services offering higher interest rate.
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Sarah_Jannat42
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March 02, 2024, 04:29:15 AM |
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Inflation hurts a household's savings. For example, during inflation, the price of every commodity increases but in contemporary times the amount of income of the individual remains constant. So after meeting the family expenses of the person with a fixed or limited income, the savings become very low which hampers the normal life. In such a situation, one has to suffer from many shortages or hardships. So one of the things to do is to invest your savings. But of course not in any bank it must be done in BTC. Because from here we will get a high rate of profit or can be invested in precious metals like gold and silver. So that we can get rid of inflation.
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Poker Player
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Activity: 1484
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March 02, 2024, 04:44:43 AM |
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Inflation hurts a household's savings. For example, during inflation, the price of every commodity increases but in contemporary times the amount of income of the individual remains constant.
Well, this is not exactly like that. What usually happens is that when inflation rises it affects households but over time salaries also end up rising, what happens is that they usually do so later than inflation. So one of the things to do is to invest your savings. But of course not in any bank it must be done in BTC. Because from here we will get a high rate of profit or can be invested in precious metals like gold and silver. So that we can get rid of inflation.
Yes, but investing your savings has to be after having an emergency fund saved and setting aside money for any expenses you have to make in the short term, let's say in less than a year. From there it is worth investing what we save.
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sekalitas
Sr. Member
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March 02, 2024, 05:52:32 AM |
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There are two types of consequences: if you have money on your bank account they lose their purchasing power because you are subjected to an "implicit tax" because your saving are cut by the increasing in the price level. So you should be able to invest your money in bond or in the Capital market in order to close the gap with the inflation rate.
Obviously investing you can achieve more profits but losses at the same time, due the equation more yield and more risks.
If you want an advice you can just think to invest your money in bond because Central Banks will decrease interest rates in the long run because inflation is falling sharply.
Thanks for the suggestion! I'd like to add my thoughts. Regarding household savings, I believe a 6-month emergency fund is sufficient, with the remaining funds used for diversified investments. This could include options like crypto, real estate, foreign currency, or bonds, as you mentioned. Diversification is key to mitigate inflation's impact and ensure there's a safety net even if unforeseen circumstances arise
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Boy_chef
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March 02, 2024, 11:56:07 AM |
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Inflation generally adversely impacts household savings. Inflation diminishes the value of savings overtime as the general price level increases the purchasing power of money reduces. It affects fixed income individuals such as those living on pensions. If their income does not increase to be able to cope with the increase in cost of living. The purchasing power of their income declines overtime. Generally inflation discourages long term savings. due to the devaluation of the money as people may save money for future purposes such as building a house or buying a car.
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|MINER|
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March 02, 2024, 02:16:09 PM |
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The effect of inflation is in the midst of everything. The value of money of those who kept money in the bank has only started to decrease. Now it is better to invest money in land and gold to protect the value of money. The value of that money will only decrease due to inflation. Business is about profit and loss, so before investing in any business, you have to think about profit and loss. It would be foolish to refrain from investing in a business thinking that it will make a loss.
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Stepstowealth
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March 02, 2024, 02:24:58 PM |
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There are two types of consequences:
There is also the psychological consequence that Inflation can have on household saving and those involved. When you are saving and then not seeing the benefit of your savings, it can be discouraging. Inflation makes the effort put into trying to save look futile and then it discourages the habit of saving in the person saving and in any other person that knows that you saving. This is another unspoken effect of inflation on household saving. If you are someone who saves money and you have results as people see benefits from your savings, other people will be inspired to save money as you do but when you save money and then they know that there is no result to show for it is, it becomes discouraging to us psychologically and to any other person who knows that you are very consistent with saving. What is the use continuing to save money that cannot save you?
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kryptqnick
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Join the world-leading crypto sportsbook NOW!
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March 02, 2024, 02:54:31 PM |
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There are two types of consequences: if you have money on your bank account they lose their purchasing power because you are subjected to an "implicit tax" because your saving are cut by the increasing in the price level. So you should be able to invest your money in bond or in the Capital market in order to close the gap with the inflation rate.
Obviously investing you can achieve more profits but losses at the same time, due the equation more yield and more risks.
If you want an advice you can just think to invest your money in bond because Central Banks will decrease interest rates in the long run because inflation is falling sharply.
Keeping savings in fiat that's suffering from serious inflation can indeed lead to significant loss of purchasing power. Apart from investing in something, there are other things one can do in this situation. One is to simply exchange local fiat for a much more stable fiat currency (like the USD) and keep the savings. Another is to spend the savings, or at least a part of them. This way, you can buy some important and useful stuff, while also doing your part of stimulating the economy, as you spending money means keeping the money in the flow because someone else then gets that money as salary and spends it once again elsewhere.
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GideonGono
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March 02, 2024, 04:15:40 PM |
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Holding or saving your Fiat in your bank isn't really great idea at all due to inflation, the price that you would save now would decrease over time due to inflation. The amount of things you could buy with your money right now would be different in the future, for example something that cost $1 right now could be $2 or more in the future. So for those who are planning to just let their money sleep in their bank or continue to hold it, why not try to invest it to let your money earn for you while you let it sleep.
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bettercrypto
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March 02, 2024, 05:14:34 PM |
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There are two types of consequences: if you have money on your bank account they lose their purchasing power because you are subjected to an "implicit tax" because your saving are cut by the increasing in the price level. So you should be able to invest your money in bond or in the Capital market in order to close the gap with the inflation rate.
Obviously investing you can achieve more profits but losses at the same time, due the equation more yield and more risks.
If you want an advice you can just think to invest your money in bond because Central Banks will decrease interest rates in the long run because inflation is falling sharply.
Most people know that once you put money in the bank, you have no control over the money you entrusted to them because you have already given them the right. That's the truth; if we look at it literally, they have the power over the money you put in the bank. This is the truth: if, at any moment, you entrust your money to them, they will think badly of the money you put in if you put in a large amount. You trusted them with your money, and then you became bad at banks. Did you see the unfairness of the bank?
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Woodie
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March 02, 2024, 05:31:34 PM |
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Like you have already pointed out, the most obvious impact of inflation is loss of buying power by a currency, meaning we need twice the money to buy a single product.
Then other impacts a country will see is a slow down in the economy, which translates into less production of goods and services as the cost of doing business goes high..translating into expensive household goods as the consumer is the end user .
Inflation could also make home grown products expensive thereby encouraging importing of goods which could be a cheaper alternative of household goods.
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tsaroz
Legendary
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Vave.com - Crypto Casino
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March 02, 2024, 05:54:51 PM |
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You just kills your desires and limit yourself to absolute needs to save some money in case of need. But the inflation specially on the housing and healtcare is so huge that you can't expect to get a house for your family in your lifetime and your family is destroyed if anyone gets a serious illness. Most people are barely surviving on their salaries. As a result people are being carefree, saving less and not rearing child. The rate of childbirth had been lowest in history and our generation might be the largest part of the pyramid even when it moves up. That means the whole of our economy needs to be adjusted for accommodating larger old dependent population.
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electronicash
Legendary
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March 02, 2024, 06:33:03 PM |
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You just kills your desires and limit yourself to absolute needs to save some money in case of need. But the inflation specially on the housing and healtcare is so huge that you can't expect to get a house for your family in your lifetime and your family is destroyed if anyone gets a serious illness. Most people are barely surviving on their salaries. As a result people are being carefree, saving less and not rearing child. The rate of childbirth had been lowest in history and our generation might be the largest part of the pyramid even when it moves up. That means the whole of our economy needs to be adjusted for accommodating larger old dependent population.
all the more for those old people today who have the 401k and receive pension funds every month, they are also among the ones who are now affected by inflation. when money is lost purchasing power, everyone is affected and there is no escape for the new graduates even looking for jobs because companies are laying off and even shutting down. eating less is mostly what people do this time, there will be hunger and i'm not gonna be surprised if the doves gathering in the parks are going to be grilled sooner for consumption.
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ScamViruS
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March 02, 2024, 07:37:02 PM |
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all the more for those old people today who have the 401k and receive pension funds every month, they are also among the ones who are now affected by inflation. when money is lost purchasing power, everyone is affected and there is no escape for the new graduates even looking for jobs because companies are laying off and even shutting down.
eating less is mostly what people do this time, there will be hunger and i'm not gonna be surprised if the doves gathering in the parks are going to be grilled sooner for consumption.
Inflation has many effects on all people in a country, with inflation having the greatest effect on low-income people. My parents rely on their pension to cover all their expenses now, but with the effects of inflation reducing the purchasing power of money, it is becoming difficult to cover their expenses. And the savings that they have in the bank, the purchasing power of that money is also decreasing but they are not willing to take risk as a result of which they do not want to go for any investment thinking about future security. Because there is a lot of risk in investment so they don't want to take risk and want to live a comfortable life. But we must think of using our money properly investing in bitcoin, gold, because inflation will continue to increase so it will be the right decision to invest in the right place instead of savings in the bank to secure the future.
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topbitcoin
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March 02, 2024, 08:43:15 PM |
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If you just want to protect and protect the wealth you have, then you can save it in the form of gold. Because gold is able to maintain its value in the long term. However, if you not only want to maintain and protect your wealth, but you also want to increase your wealth, then investment is the solution, and bitcoin investment is one solution, because bitcoin provides quite an attractive offer to increase your wealth, but this must be do it wisely and as well as possible, and really understand it. because even though Bitcoin provides quite high opportunities, the risk of experiencing losses will still exist.
and it would be great if you could do both, save in gold and invest through bitcoin. Where this needs to be done so that the investment made is maintained, because when someone is faced with an urgent situation, this tends to make the individual short-minded, where the individual will withdraw their investment even though the value is decreasing, which of course this will give rise to a financial loss. Saving in the form of gold is the right choice, because apart from its value which tends to be stable, gold is also very easy to buy and sell, so that when you are faced with an urgent situation you don't need to worry anymore, because you can sell the gold you have at any time.
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bussybuddy
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March 02, 2024, 08:55:54 PM |
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The clearest feeling I see is a significant reduction in life expenses, the cost of living increases but the salary does not increase at the same time. Perhaps I am still quite lucky to still have a job with a stable income, but the effects of inflation cause a lot of plans to be disturbed.
Even investing in the crypto market has some difficulties. I know about the opportunity to make a profit in the market but my accumulated capital is quite limited because there are still many constraints in life. It's great that the market has been changing very positively recently, helping the investment process a lot. I've been accumulating bitcoin every month since the period when bitcoin was at a price of $30000 until now still intending to take some profits and wait for the adjustment to accumulate more altcoins.
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