Also we have the ever-present question regarding how much we get for our money and how far the dollar had been debased in the 8 or 12 years that we are measuring our progress and/or figuring out if we might need to change aspects of our bitcoin accumulation and/or our bitcoin portfolio management. Many of us anticipate that based on the way that bitcoin had been designed that it is quite likely to appreciate more and better than the dollar and other fiat in order to also account for the dabasement of such dollars (fiat).
Saving money and later losing value is a financial loss, but if you can invest in Bitcoin in a long-term plan instead of keeping that money in the bank and keep the investment for that long period, then at the end of that long period, you will get a good return on your money, but in terms of fiat value. In a word, investing in Bitcoin is more profitable than saving fiat in all aspects.
Yeah, it is a financial loss, and it is something people need to pay attention to. The crazy part is that a lot of people out there are actually losing money without even realizing it.. They feel safe because their account balance is still the same number, but the value of the money is quietly reducing.
That thing doing the damage is inflation. And it did not just start today, it has always been part of the system and it is not going anywhere. Every year, your money buys and become less, even though it still look untouched in your bank account. That is the silent loss so many people ignore..
I talked little about how inflation really works here
inflationThe only real way to fight inflation is to put your money into an asset that can beat it, not just preserve it. And obviously Bitcoin can and has proven to be one of the strongest assets. It is scarce, it has long term growth, and all it take to beat inflation..