Bitcoin can save you against inflation if you invest in & hold it some years

[el kaka22]

First of all, graphic is VERY realistic, depends on where you are though, USA is as big as a continent, meaning that something that happens in Florida, may not happen in Nebraska, they are different places, a rural and urban area house will have different results as well. But if we are talking near Manhattan type of New York, or Bronx/Queens then we can see that it did grow to be like that.

I have seen houses that worth 300k become 450k in the past 5-6 years, so it's quite close to this. I have never even been to America in my life, so I am not saying I know this, I just like real estate so I check it for fun at times. And bitcoin prices are a fact, so when you combine these two data, then it's true that you are right about this.

[GideonGono]

This is also one of my reason why I am putting my savings in crypto, the value of Fiat keeps on decreasing because of inflation, the money that we have now or the amount that we could buy would surely be lessen in the future.
But if I would put it in crypto it could also give me a profit by holding it, and could save me from inflation.

[AmoreJaz]

First of all, graphic is VERY realistic, depends on where you are though, USA is as big as a continent, meaning that something that happens in Florida, may not happen in Nebraska, they are different places, a rural and urban area house will have different results as well. But if we are talking near Manhattan type of New York, or Bronx/Queens then we can see that it did grow to be like that.

I have seen houses that worth 300k become 450k in the past 5-6 years, so it's quite close to this. I have never even been to America in my life, so I am not saying I know this, I just like real estate so I check it for fun at times. And bitcoin prices are a fact, so when you combine these two data, then it's true that you are right about this.

If nothing else, the graphical representation of the OP is quite interesting. If somehow true in some parts of the US, then, I would say, a lot of people will be convinced in trying their hands on crypto market. Such comparison is a very good one to attract one person to check out btc. However, one should not force anyone to go into this market, they should be willing to educate themselves about the risks that come with this volatile asset.

[blckhawk]

That's what I've telling my co-workers in a while when they ask about bitcoin, that's it a good hedge against inflation and the only way that they can save themselves from the ever increasing inflation and the rampant price growth of the goods and services is if they start investing now albeit slowly so as to make sure that they're not being too greedy but still making some point into investing something. Probably that's the only thing that you should do with bitcoin, trading should be left to the altcoins and such. I think that it's really stupid for anyone to not invest now when all the stuff about bitcoin growing through the years is already an evidence that it's a safe asset to invest into despite the arguments that the market is so volatile, that volatility can easily be remedied by having the patience to wait things out.

[peter0425]

That's what I've telling my co-workers in a while when they ask about bitcoin, that's it a good hedge against inflation and the only way that they can save themselves from the ever increasing inflation and the rampant price growth of the goods and services is if they start investing now albeit slowly so as to make sure that they're not being too greedy but still making some point into investing something. Probably that's the only thing that you should do with bitcoin, trading should be left to the altcoins and such. I think that it's really stupid for anyone to not invest now when all the stuff about bitcoin growing through the years is already an evidence that it's a safe asset to invest into despite the arguments that the market is so volatile, that volatility can easily be remedied by having the patience to wait things out.

It’s nice that you are suggesting investing in bitcoin to your co-workers possibly friends and family as well. But personally I wouldn’t want to suggest it anymore especially if they do not want to listen anyway. I will just be wasting my energy and effort in trying to make them understand.

[blckhawk]

~

It’s nice that you are suggesting investing in bitcoin to your co-workers possibly friends and family as well. But personally I wouldn’t want to suggest it anymore especially if they do not want to listen anyway. I will just be wasting my energy and effort in trying to make them understand.

It's just a one time thing and they haven't done anything so far, hopefully they really did invest now and that they're just not talking about it but I doubt it given that they pretty much was asking how to invest in it but now they don't talk about it. I already did my part so hopefully they also do their part, I think it's a bad idea to not be investing when you're just relying on your salary money, it's a good time for some people to be finding ways that they can save money in the most efficient way, piggy bank savings is just not cutting it anymore in this economy.

[CODE200]

Not every have that kind of money so even if you want us to hodl bitcoin, it would probably take many of us a long time before we can see our bitcoin going up in price and by then, the price of a house and lot would be at such an astounding levels that it's probably not worth it to buy anymore and just continuing hodling.

This is not about having the amount of money that can buy a house and use it to buy bitcoin. House is just used as an example in the OP just to let us know that bitcoin is an asset that can be used to hedge against inflation. It can be used instead of saving dollar or fiat in your bank account, you can buy bitcoin instead and hold it. According to the image in the OP, he is comparing bitcoin and fiat, that fiat is an inflationary asset.

Yep, I had to reread the post because I was misunderstanding it but I didn't bother to change my post because I want it there as a reminder for me. I totally agree with you, the more the years come by and the more the price of bitcoin becomes more higher and the cheaper that the houses would look when you want to buy them with bitcoin.

[Dr.Osh]

well, owning bitcoin might save us from inflation because only it goes up continuously. I hope the price can be higher than the current price. Apart from saving from inflation, bitcoin even has very fast growth compared to other investments. Investing in gold can also save us from inflation, but the price movement is a little slow, meaning it will take us quite a long time to feel the benefits of gold. However, if we look at the price of bitcoin 10 years ago, then the current price is really fantastic and I think there is no harm in holding bitcoin in the long term.

[salad daging]

We must plan early to enter bitcoin investment before your old age is approaching then the usual work is no longer productive, while there is still a pretty good income every month then it would be good to set aside for bitcoin and with the DCA method is the best way to do it.

I will not keep too much fiat because it is certain to be subject to inflation especially if you have a lot of fiat and stored in the account we can see the graph is quite a difference.

The price of bitcoin will continue to rise every cycle, I am optimistic that bitcoin will become a mainstream asset to be used as a future investment or retirement fund or education for our children in the future.

[pinggoki]

And make sure people who want to start DCA-ing Bitcoin should invest in the right place i.e. non custodial wallet.

Most people use centralized exchange as a place to hold their coins because they think it's safe and cheaper, but if one day the exchange went bankrupt and they can't withdraw their money, they will lost all of their hard earned money.

Really good piece of advice, better that you learn not to trust centralized exchanges as a beginner rather than learn it the hard way later on which is the likely thing to happen when the exchange gets hacked or they decide to run away with all of your money. I was like that person too back then but then the time when a lot of CEX were attacked by hackers that I got concerned that I might not see my bitcoin or any cryptocurrency again if I continue and now, I'm only using CEX for when I need to sell some of the cryptocurrency that I have especially if it had grown into something that would give me huge profit, it's mostly for P2P for me now and to all newbies that are still researching about the things that you need to know about investing in bitcoin or any cryptocurrency, heed what @Plaguedeath is talking about and you'd know that it's for the best as time goes by.

Now about the inflation part, I can attest to everyone here that bitcoin is definitely a good investment to have to protect your finances against the inflation, I've seen with my very eyes how huge the growth of the value that my investment have come because the inflation rate in my country is rising too fast and so high right now.

[God bless u]

Price of a house in the USA, I don't know how accurate this graphic is.

The USA. national debt is $34T today and it was only about $10T in 2023. The national debt increases 300% within one year, it's amazing 'success' from government and central bank in the country. It won't stop there because the debt ceiling will be raised again next year.
https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/
https://www.pgpf.org/national-debt-clock

You can try to save your money from your jobs in bitcoins and prepare for your wealth and retirement earlier than if you work days by days without bitcoin in your savings and investment portfolio.

yeah it's true to some extent but it's very difficult to spread this kind of awareness among the people that really deserve these kind of investments in order to upgrade their standard of living.

People are actually in a trauma of the scams that hit them while people were involved in scamming through trade. So we need to make people aware of the fact that there is a way of online earning and not all the things are a scam.

[Cryptomultiplier]

Price of a house in the USA, I don't know how accurate this graphic is.

The USA. national debt is $34T today and it was only about $10T in 2023. The national debt increases 300% within one year, it's amazing 'success' from government and central bank in the country. It won't stop there because the debt ceiling will be raised again next year.
https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/
https://www.pgpf.org/national-debt-clock

You can try to save your money from your jobs in bitcoins and prepare for your wealth and retirement earlier than if you work days by days without bitcoin in your savings and investment portfolio.

I have laughed so hard from your sarcasm and wit. Well, I totally agree that Bitcoin is a strong hedge against inflation and it is true when you say one should include Bitcoin investment in their portfolio.

Every cent invested in Bitcoin will obviously worth more in the nearest future, because whether we like to agree or not, there's a financial evolution ongoing currently and everyone who intends to get out of poverty and join the elite class of wealthy billionaires, should heed advice and invest in the currency that is world renown and remain a key to financial freedom in the nearest future.

Invest in Bitcoin now and save yourself from further poverty later due to rise in inflation and national debt.

[Dr.Bitcoin_Strange]

@OP, You have already stated how you doubt the accuracy of the image you provide, but the honest truth is that Bitcoin can help with inflation.

Take, for example, when Bitcoin started in 2009, the first price for Bitcoin in the market was $0.0009, which was made possible by Martti Malmi according to history. Back then, if you had $1, you could purchase 1100+ bitcoins, but today, you will need $60+ to get a 0.0009 bitcoin fraction. Funny right? Who knows? In the future, BTC0.0009 might be worth $6k.

[Ryu_Ar1]

Not every have that kind of money so even if you want us to hodl bitcoin, it would probably take many of us a long time before we can see our bitcoin going up in price and by then, the price of a house and lot would be at such an astounding levels that it's probably not worth it to buy anymore and just continuing hodling.

I don't think the point is there, buddy. Not that we have to buy bitcoin directly with a certain amount at once but indeed the prospect of bitcoin is still very good to think about if we are not yet in this investment.  The development is quite pronounced where for now and a few years ago the price for a house when compared to bitcoin was quite a difference but for today we only need a few pieces to get a habitable house.

But that does not mean we have to use our bitcoin for a house because it is optional depending on our thinking, it's just that the probability and prospect of bitcoin is very good so that we should be there as much as possible if we have more money. In addition, we also don't have to buy directly with a large amount because in the end we can also buy as gradually as we can even though the profit level may not be as big as expected but when we consistently make purchases then when collected even though the origin is a little clear it will be more than we expected the most important thing is that we are ready with all the consequences and ready with the time we have to sacrifice to achieve that.

[nelson4lov]

Bitcoin has always been a solid hedge against inflation from the on set and anyone just realizing this now is late to th3 party but there's still time to salvage the inflation problem that has eaten up most of their funds. As debt goes through the roof and inflation continues to bite harder, Bitcoin and crypto will provide the only solution for escaping the global hunger and poverty that is about to hit the world economy. That's why I know that Bitcoin has more room for growth.

[Baki202]

well, owning bitcoin might save us from inflation because only it goes up continuously. I hope the price can be higher than the current price. Apart from saving from inflation, bitcoin even has very fast growth compared to other investments. Investing in gold can also save us from inflation, but the price movement is a little slow, meaning it will take us quite a long time to feel the benefits of gold. However, if we look at the price of bitcoin 10 years ago, then the current price is really fantastic and I think there is no harm in holding bitcoin in the long term.

Bitcoin will actually save our money from inflation because the price does not go up the who aim will be defeated against fighting against inflation will fail. But nevertheless you can not predict when the price will go up, either way round the price will surely go hope that is one interesting futures about bitcoin no matter how the price is down if the investor can exercise patience. Because the way bitcoin works the market can not  be always predicted and anything can happen anytime. Yes bitcoin’s as the fastest growth and the same time their could be deduction in the market. Gold is also a good investment. Because before time gold as been their and people value gold a lot and some countries even use gold in their foreign reserves, it is also very reasonable when you consider gold too. Gold as a slow price movement compared to bitcoins. Both of them have their advantages and disadvantages both bitcoin and gold. When it comes to bear market that bitcoins experience. Gold does not fall that way and the same time it does not move up that way to. So both of them have their market movements it now depends on the way you want to go for.

[Abu-Naim]

@OP, You have already stated how you doubt the accuracy of the image you provide, but the honest truth is that Bitcoin can help with inflation.

LoyceV confirmed that the price of houses is correct according to index

The housing price is correct, based on the House Price Index. But don't make the mistake of thinking you can extrapolate historic data with certainty: Bitcoin's price development wasn't certain in 2016, and it's not certain now.

Take, for example, when Bitcoin started in 2009, the first price for Bitcoin in the market was $0.0009, which was made possible by Martti Malmi according to history. Back then, if you had $1, you could purchase 1100+ bitcoins, but today, you will need $60+ to get a 0.0009 bitcoin fraction. Funny right? Who knows? In the future, BTC0.0009 might be worth $6k.

This has confirmed that there is inflation everywhere around the world. The rice of everything is going up when compared to some years back while the price of Bitcoin is going up as expected, this simply means that Bitcoin investment can save you from inflation. Therefore, instead of leaving your savings with bank, buy Bitcoin instead and stand a chance to buy what you wants to buy in the future because Bitcoin will store your value.

[sunsilk]

And this is a good example of why bitcoin is a good hedge against inflation. I also remember the grocery cart comparison with how much they were before and now with Bitcoin and how full you can fill it with current's value.

You can try to save your money from your jobs in bitcoins and prepare for your wealth and retirement earlier than if you work days by days without bitcoin in your savings and investment portfolio.

The situation of each individual varied per se. Some may be able to save and invest some while those that are obliged not to save the least that they can, won't be able to do it.

But those that are inspired and determined will do something like working for some hustles and the profit there will go to their Bitcoin savings plan.

[maydna]

But you must be careful to holds Bitcoin because we knows that Bitcoin can go to anywhere. Many people trying to saves their Bitcoin but they are not ready with the volatility and makes them panic and in the end, they sells their Bitcoin in a lost. But for those who already had many experiences since a long time ago will uses Bitcoin to save their money value in Bitcoin. They see that Bitcoin can gives more benefits than just saving their money in a bank. They can makes a profit from Bitcoin after few years they keeps Bitcoin in their wallet. Those who already see what happens in 2021 ago already invest in Bitcoin and now, they sees their profits comes to them. They just waits for the new ATH for Bitcoin price and sell it at the highest price and makes a big profit.

[Kristiyana]

Price of a house in the USA, I don't know how accurate this graphic is.

The USA. national debt is $34T today and it was only about $10T in 2023. The national debt increases 300% within one year, it's amazing 'success' from government and central bank in the country. It won't stop there because the debt ceiling will be raised again next year.
https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/
https://www.pgpf.org/national-debt-clock

You can try to save your money from your jobs in bitcoins and prepare for your wealth and retirement earlier than if you work days by days without bitcoin in your savings and investment portfolio.

I think that's a very good advice from op, actually I think op forgot to add one thing which is using DCA method so as to enable us use the remaining one to sort out our bills. because if you invest the whole of the money definitely you most sell your bitcoin because challenges might come from any angle, this is why is very good to use DCA method more especially those Investors who has a job, so that you won't find it difficult to hodl your bitcoin for Long term.