Poor people likely have more reason to make sure that they are investing into bitcoin as compared with richer people, even though bitcoin is important for all people, even though richer people might not realize the debasement of the dollar as much or even how great their lifestyle is affected by the debasement of the dollar - that includes the need to invest into something solid like bitcoin, as compared with poorer people... yet one of the problems with poorer people continues to be being able to ongoingly generate enough income to have discretionary funds that they would be able to invest into bitcoin on a regular and consistent basis, and perhaps even in an aggressive way, since if the amounts being invested into bitcoin are small, there may well be some needs for aggressiveness in regards to investing into bitcoin as compared with having the wrong kinds of focuses in terms of holding onto trashy cash that is debasing so fast that it becomes problematic to be holding it, unless the holding of the cash is offset by the holding of a good (and pristine) asset such as bitcoin.
You are right, what actually kills the poor people is making a wrong decision by saving or holding coins that may loses its value I stead of appreciating. The rich ones has a higher advantages to chest inflation without feeling anything, due to many asset they have On ground and they plan their life well by holding bitcoin for long-term growths, while the poor people must react or feels every Inflations because they feels bitcoin is risky, not knowing that thier money that's being hold as sm ash is what is killing them exactly and more riskier.
That's why I love the ideas of at least, even if it's $10 worth of bitcoin someone is buying weekly and be buying it consistently for long periods of over 8 years is better, some people may be seeing it as small investment but when someone in being aggressive with the small discretionary income is much more better than holding cash.
Poor people tend to have fewer resources to fall back upon, so it tends to be more important that they simultaneously build up back up funds at the same time as they are building up their bitcoin holdings so that they are better able to tolerate fluctuations in their discretionary income that may well be loss of income and/or increases in expenses...
If there really is an intention for poorer people to hold onto their bitcoin for 8-10 years or longer, then they have to purposefully put systems in place to safeguard their bitcoin from the various fluctuations in their income/expenses that tend to be inevitable over such a long period of time. If a guy is seriously investing into bitcoin, he surely should want to not have to sell any of his bitcoin in the 8-10 year or longer timeline, and even difficulties in building such a timeline, and sure, even a guy who might have had been investing into bitcoin for 8-10 years or longer, after the time had passed, he may well find himself having had made quite a bit of progress but still not very close to his ultimate goals of being able to either completely live off the proceeds of his bitcoin or perhaps just being able to use his bitcoin to supplement whatever other income sources that he might end up having.
After 2020, the rate of debasement was at least 5-10% per year and perhaps even more.
+1 on everything you wrote but the official inflation is nowhere near 5-10%. It's been between 2.5-3% for more than 2 years now. The inflationary spike was 2021-2022 and officially peaked at almost 9.1% in June of 2022 and has been coming down since then.
You are likely living in a fantasy and believing whatever big daddy (government and status quo powers that be) tell you to be the case.
Of course, there is variance in the kinds of goods and services that you are seeking to purchase, yet the rate of inflation was likely averaging greater than 10% for several years in and after 2020, and there is almost no fucking way (except maybe some select products that the inflation rate is only 2.5%-3%).... By the way, there maybe be abilities to get 2.5% to 3% price increases on items that had already doubled in price over the past 5-6-ish years, and then now they are coming back down in price or even decreasing in price based on their having had gone up so greatly in the past 5-6-ish years.
I doubt there is any need to go in to good by good or service by service comparisons.. .and sure you can believe whatever you like in terms of what I consider to be fantasylandia ideas of supposed stability that you would like to consider in terms of why you might believe that allocating to bitcoin does not matter.
And, of course, think about bitcoin? What has bitcoin done in the past 5-6 years?..and maybe some of the adjustments in bitcoin even started in 2019 since we might consider even sub $10k BTC prices as a base point for guys who had been accumulating bitcoin in 2017, 2018 and/or 2019.
Oh yeah, you have only been around the forum a little over a month, but you still seem to supposedly know a lot about bitcoin, and surely many guys will try to create short-timelines for bitcoin and to selectively measure it, yet if guys had been accumulating bitcoin between even 2017 and 2020 and spent a good 4 years accumulating bitcoin during that time to create a pretty good base in bitcoin, then they would have had beaten the fuck out of debasement and the increases in their prices.
Of course, when we are looking at various timelines after 2020, then the results are not so spectacular, yet bitcoin's investment thesis has not really gotten weaker since 2021 and thereafter, even though we are likely also going to find (later down the road) that guys who had been accumulating bitcoin 2021 to 2024 are going to have had beaten the hell out of the otherwise ongoing and even seemingly guaranteed debasement of the dollar (and other fiat). The pattern is likely to continue so the earlier that you get into bitcoin the better, and if you are a more recent entrant then it still might take you 1-2 cycles or more before you really start to tangibly notice the benefits of having had allocated into bitcoin rather than either allocating into dollars or some other assets (even though sure there are always going to be examples of certain segments outperforming bitcoin in various short term snapshots), yet bitcoin still remains an asset for everyman, including poor people who might ONLY be able to allocate $100 per week or $10 per week or some other relatively modest amount.
If you want to make a compelling argument for BTC, cite "official" inflation
I don't need to make any compelling argument for BTC, since you and anyone else is free to do as you please, including remaining in a fantasy land in which you believe that bitcoin is not helpful to you and/or your finances.
, which is wrong anyway since real debasement is higher, M2 growth, asset inflation, currency debasement, etc.
It is not easy to measure some of the various smoke and mirror indicators, even though surely guys who have been building their bitcoin holdings over several years, such as a cycle or two or more, are likely able to feel and notice their own relative strength and greater options that they have due to their having had allocated decently well to bitcoin...and yeah, it can even take a while to build up a bitcoin holdings and also to have that bitcoin holdings working for a while when it is still being built and perhaps after some time when guys might have had ended up putting 1-2 years of their income into bitcoin.. .whether they are only able to allocate 10% of their income per year to bitcoin or maybe they are able to front load and allocate larger amounts...and of course, guys who had been able to allocate more sooner have had more ability to measure meaningful improvements in their options.
Cash loses value over time and BTC is the better option to HODL long term. That way you don't have to make it seem like inflation is 5-10% when it's not.
We can agree to disagree, and it seems that if we are measuring over a period of 5-10 years or longer, there is quite a likelihood that we are getting 5-10% per year of debasement, even though surely there is regional variance and there is even variance based on the goods and/or services that might be in any consumers basket of goods. I will concede that there may well could have had been lower debasement rates prior to 2020.. yet surely from 2020 and thereafter, it would be hard-pressed to come up with debasement rates that are lower than the 5-10% per annum range, and it tends to be likely towards the higher end of that range.. and really it is also quite difficult to imagine a future in which the annual debasement is really going below that range, even though surely there could be some reprieve years and surely as I already mentioned, there are some goods and services that went up so much in the prior years that they might either stabilize, go up less or maybe even come down in price in the years to come based on their already having had greatly gone up in price in earlier years.
you will have to separate your reserved funds of emergency and backup funds,
Your backup funds comprises of your investment fund, reserve funds and discretionary consumption, reserve and emergency funds are still part of your backup funds.
Huh? Back up funds are emergency funds, reserve funds and floating funds. Sure floating funds do not tend to be anything that is being held beyond any pay period since they might be additional funds that are just available based on unknown expenses for the pay period, and once those expenses are resolved the remaining floating funds can be put into discretionary income.
By the way, emergency funds tend to be amounts that you want to hold and to not spend on anything else except for emergencies, which largely would be if you have decrease in income and/or increase in basic expenses, so that emergency funds would be used to cover basic expenses that cannot be deferred until the next pay period. Reserve funds have more flexibiity and they tend to be back up funds that are in excess of emergency funds. Both emergency funds and reserve funds are forms of back up funds, yet the reason to separate emergency funds out is because guys likely will set limits for themselves in terms of how much they will tap into their back up funds at any given time, since they do not want to deplete their emergency funds in case they face some situation in which their income goes down and/or their basic expenses go up.. so they would not have any choice but to use emergency funds in the event that they do not have reserve funds and then they likely would use emergency funds prior to tapping into their bitcoin, since perhaps if we are talking about bitcoin we are wanting to prioritize it for investing and/or holding for 4-10 years or longer, so we are keeping various back up funds (including emergency funds) to protect our bitcoin from being tapped into.
You seem to be mixing up categories.
Discretionary funds (that is money available after accounting for basic expenses) can be used to invest, save (emergency funds/reserve funds) and/or discretionarily consume.
