Bitcoin and inflation

[Gozie51]

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‎Some people also use Bitcoin as store of value which is very good, just like how people use gold, if inflation reduces the value of fiat or countries currency, Bitcoin can help people protect their savings.

Reasonably countries that have weak local currency look forward to btc for hedge to inflation and they prefer to convert their fiat currency to bitcoin because if that is not done, the value of what that fiat can purchase over a longtime in the future will be reduced from what it can purchase from the present. But I'm not sure that countries whose inflation rate is minimal and stable will have such distrust over their fiat currency since it won't fluctuation. For example with fiat currency like the US dollar, the currency has different characteristics that strengthens it as globally used currency and bringing investment inflow. The US economy is a very large type that most countries have one economic transaction to do with that economy in dollar and so that gives the dollar more boost and stability.


 

[Rockstarguy]

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‎Some people also use Bitcoin as store of value which is very good, just like how people use gold, if inflation reduces the value of fiat or countries currency, Bitcoin can help people protect their savings.

Bitcoin as store of value, this is one of the advantage of investing bitcoin because it brings value to money,  and one interesting thing about bitcoin is that it is one that any one can afford to invest and access from your own comfort. 

The economy is becoming too bad daily and I see bitcoin as the last hope for the common man. The reason why i prefer bitcoin over other store of value is because it is more valuable with time compare to others.

[Bluedrem]

That is why people are interested in accumulating Bitcoin along with various physical assets instead of accumulating fiat currency. Fiat currency is losing purchasing power day by day. For example, if you had 20 thousand dollars 10 years ago, then at that time you could have purchased the amount of physical assets or anything else, but now you cannot buy that amount of physical assets by spending the same amount of money, but if you had purchased gold, silver or Bitcoin 10 years ago, their value would have increased and would be several times higher in fiat currency today.
I personally do not like accumulating fiat currency

[Minor Miner]

The economy is becoming too bad daily and I see bitcoin as the last hope for the common man. The reason why i prefer bitcoin over other store of value is because it is more valuable with time compare to others.

Bitcoin is not the only financial instrument or investment that generates profits. It is not the only way to improve our lives either.
It would be an exaggeration and somewhat short sighted to suggest that it is the last hope for the common man.

You're not alone, I believe that is why we all chose Bitcoin over other asset. The naked truth is we chose Bitcoin because we believe it offers faster and larger returns than any other investment, all other reasons are secondary.

[EL MOHA]

The economy is becoming too bad daily and I see bitcoin as the last hope for the common man. The reason why i prefer bitcoin over other store of value is because it is more valuable with time compare to others.

Bitcoin is not the only financial instrument or investment that generates profits. It is not the only way to improve our lives either.
It would be an exaggeration and somewhat short sighted to suggest that it is the last hope for the common man.

You're not alone, I believe that is why we all chose Bitcoin over other asset. The naked truth is we chose Bitcoin because we believe it offers faster and larger returns than any other investment, all other reasons are secondary.

I think what Rockstarguy meant is actually that bitcoin is the only hope that the common has for store of value not necessarily for profit making alone. The common man cannot go and buy those precious metals or have that such huge amount of money to actually invest in shares or start up some businesses, but with bitcoin they can actually invest as little as $10 unlike other assets. In this context at the moment I think it’s the last hope for the common man.

But I clearly get your point, bitcoin isn’t a poverty alleviation scheme because it is not a job or something like that, it shouldn’t also be exaggerated as a get rich quick scheme that anyone can just invest and get rich, it’s also has its own risk too

[Minor Miner]

Bitcoin is not the only financial instrument or investment that generates profits. It is not the only way to improve our lives either.
It would be an exaggeration and somewhat short sighted to suggest that it is the last hope for the common man.

You're not alone, I believe that is why we all chose Bitcoin over other asset. The naked truth is we chose Bitcoin because we believe it offers faster and larger returns than any other investment, all other reasons are secondary.

I think what Rockstarguy meant is actually that bitcoin is the only hope that the common has for store of value not necessarily for profit making alone. The common man cannot go and buy those precious metals or have that such huge amount of money to actually invest in shares or start up some businesses, but with bitcoin they can actually invest as little as $10 unlike other assets. In this context at the moment I think it’s the last hope for the common man.

But I clearly get your point, bitcoin isn’t a poverty alleviation scheme because it is not a job or something like that, it shouldn’t also be exaggerated as a get rich quick scheme that anyone can just invest and get rich, it’s also has its own risk too

With just $10, you can not invest in physical assets like gold or silver but with the same amount, you can absolutely invest in stock. Currently, there are many platform that support buying fractional shares or investing in digital gold with small amounts of capital.

Honestly, I fully support and encourage people to invest in Bitcoin instead of other asset classes. Because it offers us more opportunities, but we do not need to exaggerate it excessively. Or consider it a lifeline or the only path forward for common man.
Statements like that can easily make common man feel discouraged or hopeless. That would create the feeling that if they do not invest in Bitcoin, they will not have any other opportunity to improve their lives.

Bitcoin is a good opportunity, but it is not the only way forward.