Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: laijsica on August 20, 2024, 01:22:42 PM
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In today's world due to the effect of inflation high price of every commodity is being observed which is shrinking the daily income source of the people which is having a negative impact on the overall quality of life. Central banks of many countries are exploring and developing digital money with their financial systems that integrate with conventional fiat to manage all economic activities with people's daily needs. This is called central bank digital currency (CBDCs) which are seen as a hedge with the country's conventional money system which can mitigate the effects of inflation to some extent. In that case, if the widespread use of Bitcoin can be increased, it can have a positive effect as an important hedge for a country's economy and help reduce inflation.
Also do you have any recommendations?
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If you come to think of it , discussions of these nature wouldn't come up if bitcoin didn't become the Top crypto currency in the market. Fact is bitcoin actually wasn't created for the purpose of investment which in turn can be used to combat inflation for the investor, rather the reason Satoshi created it was for the purpose of a simple digital P2P cash system without third parties or government involved.
Yes bitcoin can be used as an investment because of it's volatility and returns over time. However for you to be able to combat inflation, you would have HODL your coins for a longer period of time.
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The only problem with Bitcoin is it's volatility which I think some people who are not investors don't like but the idea of Bitcoin being inflation proof is what makes it important for most of us whether enthusiasts or just ordinary people. As we all know local currencies in some countries like mine is shrinking in value and we are not happy with it though government is cooking for CBDC's but I don't know how it's going whether people will support it or not but for me personally I will still go for Bitcoin.
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I'm still trying to wrap my head around the idea that it will control inflation like how? Yeah, it has a limited supply but it still won't be used as the country's main currency and it's mostly treated as an investment asset by investors. I think the profits from investing in bitcoin can help cope with a country's inflation but it cannot stop/lessen it.
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I would say that inflation is something that is affecting all people and there is nobody that is exempted on this malady. With the understanding that we have now on inflation, this is the beast that is so difficult to tame once it starts to roar. And it even affected the United States of America, of all countries. Inflation is one that can penetrate even our personal lives. For me, inflation is something that will slowly creep into any nation's economy and there is no stopping it...the only big problem if inflation will happen in an abrupt and sudden manner as the people are unprepared for the pressure. Nobody can stop inflation. So what we can do? We can invest in assets that will increase in value over time. And Bitcoin is one of those assets under this category. Just as simple as that. The only problem is finding the money in this difficult time to buy more Bitcoin.
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This is called central bank digital currency (CBDCs) which are seen as a hedge with the country's conventional money system which can mitigate the effects of inflation to some extent.
Have you read about the CBDCs before? I mean the ones that have been created already. CBDCs are not more than fiat. in fact, they are fiat. They are pegged in 1:1 to the Fiat of the country that created it. So CBDCs do nothing to mitigate the effect of inflation.
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I would say that inflation is something that is affecting all people and there is nobody that is exempted on this malady. With the understanding that we have now on inflation, this is the beast that is so difficult to tame once it starts to roar. And it even affected the United States of America, of all countries. Inflation is one that can penetrate even our personal lives. For me, inflation is something that will slowly creep into any nation's economy and there is no stopping it...the only big problem if inflation will happen in an abrupt and sudden manner as the people are unprepared for the pressure. Nobody can stop inflation. So what we can do? We can invest in assets that will increase in value over time. And Bitcoin is one of those assets under this category. Just as simple as that. The only problem is finding the money in this difficult time to buy more Bitcoin.
I agree with you that investing in bitcoin is a good way to save money, I don't think bitcoin will be worth $1 million but I think that by buying bitcoin during a market dip you can make a little money and at least save your money by outpacing inflation with the help of the bitcoin price.
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In today's world due to the effect of inflation high price of every commodity is being observed which is shrinking the daily income source of the people which is having a negative impact on the overall quality of life. Central banks of many countries are exploring and developing digital money with their financial systems that integrate with conventional fiat to manage all economic activities with people's daily needs. This is called central bank digital currency (CBDCs) which are seen as a hedge with the country's conventional money system which can mitigate the effects of inflation to some extent. In that case, if the widespread use of Bitcoin can be increased, it can have a positive effect as an important hedge for a country's economy and help reduce inflation.
Also do you have any recommendations?
CBDC is and was never going to be a hedge against inflation, and this is mostly because, just as you have mentioned, it's going to be connected to the fiat system, which simply means that it's a digital version of fiat money, and we all know that governments, in conjunction with central banks can print as much fiat as they want when needed, when ever this happens, rest assured that even more CBDC will as well be minted so that it will corrolate with the amount of fiat in circulation.
Bitcoin is the true hedge against inflation, or so it is supposed to be if only people will learn to boycott fiat, and keep all their money in bitcoin, leaving a minor amount laying in the bank for day to day expenditures.
But then, that's just, many are yet to realized the true power and benefits that comes with embracing bitcoin, but then again, let's hope that as the crypto currency ecosystem continue to grow, people will begin to realize and embrace bitcoin.
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I would say that inflation is something that is affecting all people and there is nobody that is exempted on this malady. With the understanding that we have now on inflation, this is the beast that is so difficult to tame once it starts to roar. And it even affected the United States of America, of all countries. Inflation is one that can penetrate even our personal lives. For me, inflation is something that will slowly creep into any nation's economy and there is no stopping it...the only big problem if inflation will happen in an abrupt and sudden manner as the people are unprepared for the pressure. Nobody can stop inflation. So what we can do? We can invest in assets that will increase in value over time. And Bitcoin is one of those assets under this category. Just as simple as that. The only problem is finding the money in this difficult time to buy more Bitcoin.
I agree with you that investing in bitcoin is a good way to save money, I don't think bitcoin will be worth $1 million but I think that by buying bitcoin during a market dip you can make a little money and at least save your money by outpacing inflation with the help of the bitcoin price.
Exactly and Bitcoin's profit is way more decent compared to putting money in the bank or getting CBDC which is mostly stable coins. That would be an advantage if we are gonna choose Bitcoin over other investments. The only problem here is inflation which the world is currently facing and the solution to that is investing in Bitcoin.
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In today's world due to the effect of inflation high price of every commodity is being observed which is shrinking the daily income source of the people which is having a negative impact on the overall quality of life. Central banks of many countries are exploring and developing digital money with their financial systems that integrate with conventional fiat to manage all economic activities with people's daily needs. This is called central bank digital currency (CBDCs) which are seen as a hedge with the country's conventional money system which can mitigate the effects of inflation to some extent. In that case, if the widespread use of Bitcoin can be increased, it can have a positive effect as an important hedge for a country's economy and help reduce inflation.
Also do you have any recommendations?
I totally agree with you. Inflation has become a very serious problem in today's world. Bitcoin and cryptocurrency can certainly act as a powerful hedge, as Bitcoin and other cryptocurrencies are becoming more widely used today. and, central bank digital currencies (CBDCs) are emerging as a possible solution. It can reduce the effects of inflation by combining it with a fiat currency.
The price of Bitcoin is not stable, but due to the limited supply of Bitcoin it protects us from the risk of inflation. This will protect us from inflation to a large extent.
Finally, a financial infrastructure should be created where fiat, CBDC and cryptocurrencies are used, resulting in much more manageable reduce inflation.
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In today's world due to the effect of inflation high price of every commodity is being observed which is shrinking the daily income source of the people which is having a negative impact on the overall quality of life. Central banks of many countries are exploring and developing digital money with their financial systems that integrate with conventional fiat to manage all economic activities with people's daily needs. This is called central bank digital currency (CBDCs) which are seen as a hedge with the country's conventional money system which can mitigate the effects of inflation to some extent. In that case, if the widespread use of Bitcoin can be increased, it can have a positive effect as an important hedge for a country's economy and help reduce inflation.
Also do you have any recommendations?
A country's government can print as much money as it wants with the permission of the central bank, which is why when the money supply in the country exceeds the production of goods, almost everyone has money, while others have a much smaller supply. So as we have more money and less production of goods, the demand in the market is more than the supply which causes inflation. Bitcoin's supply is limited, making it unlikely to be affected by inflation. But one problem with Bitcoin is that it is not volatile due to which its price always fluctuates according to the demand, in this case we will face many problems in using it for our daily expenses. So Bitcoin cannot completely solve our inflation problem. On the other hand, if a stable digital coin is launched in the country and its supply is fixed, the country will face many problems.
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In today's world due to the effect of inflation high price of every commodity is being observed which is shrinking the daily income source of the people which is having a negative impact on the overall quality of life. Central banks of many countries are exploring and developing digital money with their financial systems that integrate with conventional fiat to manage all economic activities with people's daily needs. This is called central bank digital currency (CBDCs) which are seen as a hedge with the country's conventional money system which can mitigate the effects of inflation to some extent. In that case, if the widespread use of Bitcoin can be increased, it can have a positive effect as an important hedge for a country's economy and help reduce inflation.
Also do you have any recommendations?
Bitcoin is the true hedge against inflation, or so it is supposed to be if only people will learn to boycott fiat, and keep all their money in bitcoin, leaving a minor amount laying in the bank for day to day expenditures.
Yes Bitcoin can be a potential hedge against inflation and real assets should be preferred as Bitcoin is a volatile asset. A digital economic system consisting of both centralized and decentralized assets should be formed so that Bitcoin plays a leading role alongside physical assets. Bitcoin exploration can be an important hedge with the economy to strengthen the government or the central FED to control inflation.
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This is called central bank digital currency (CBDCs) which are seen as a hedge with the country's conventional money system which can mitigate the effects of inflation to some extent. In that case, if the widespread use of Bitcoin can be increased, it can have a positive effect as an important hedge for a country's economy and help reduce inflation.
Also do you have any recommendations?
How many times have you seen an update from CBDC? That's tell you that the digital currency will soon be forgotten that it was ever created. I was seeing their headlines on news around April but I can't say for now and people are not using if because what's that special value about it, it's just dollar pegged to another currency which people don't like to use.
A dollar bill is the same value as dollar the CBDC will provide, how are they going to reduce inflation? I just think they will help the central bank to mop the money in circulation and in that case low supply of money might gives value to their country but the demand for dollar has increase and the request of people will increase the supply.
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I would say that inflation is something that is affecting all people and there is nobody that is exempted on this malady. With the understanding that we have now on inflation, this is the beast that is so difficult to tame once it starts to roar. And it even affected the United States of America, of all countries. Inflation is one that can penetrate even our personal lives. For me, inflation is something that will slowly creep into any nation's economy and there is no stopping it...the only big problem if inflation will happen in an abrupt and sudden manner as the people are unprepared for the pressure. Nobody can stop inflation. So what we can do? We can invest in assets that will increase in value over time. And Bitcoin is one of those assets under this category. Just as simple as that. The only problem is finding the money in this difficult time to buy more Bitcoin.
I agree with you that investing in bitcoin is a good way to save money, I don't think bitcoin will be worth $1 million but I think that by buying bitcoin during a market dip you can make a little money and at least save your money by outpacing inflation with the help of the bitcoin price.
Exactly and Bitcoin's profit is way more decent compared to putting money in the bank or getting CBDC which is mostly stable coins. That would be an advantage if we are gonna choose Bitcoin over other investments. The only problem here is inflation which the world is currently facing and the solution to that is investing in Bitcoin.
I think it’s very stupid to put your money in a bank, essentially they don’t give you anything, and those small percentages for the fact that you give your money and they might not give it back to you are not significant at all, in the last few years I think that all banks should be avoided and used only as a means of payment, you should invest in bitcoin or if you’re afraid, then in real estate.
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At the present time, with the current capacity of the Bitcoin market, it is difficult for Bitcoin to have a positive impact on the economies of countries. Doubling profits every 4 years will not help countries achieve economic growth that requires billions of dollars, and countries cannot use Bitcoin as a guarantee to obtain development projects.
In short, Bitcoin is still in the early stages of achieving a positive impact on the lives of societies and countries.
Bitcoin will be very useful in the case of individuals and improving the level of income in the long term for individuals, especially those who have an income in excess of their basic needs.
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At the present time, with the current capacity of the Bitcoin market, it is difficult for Bitcoin to have a positive impact on the economies of countries. Doubling profits every 4 years will not help countries achieve economic growth that requires billions of dollars, and countries cannot use Bitcoin as a guarantee to obtain development projects.
In short, Bitcoin is still in the early stages of achieving a positive impact on the lives of societies and countries.
Bitcoin will be very useful in the case of individuals and improving the level of income in the long term for individuals, especially those who have an income in excess of their basic needs.
I agree with you, we can refer to El Salvador for this, although the country has come a long way in Bitcoin adoption but has yet to see a positive impact on the economy with the help of Bitcoin. This definitely requires a long time. Even if the value of Bitcoin doubles or slightly more every four years, it cannot play a positive role in the countries economy. But if one can invest at the individual level, it will definitely create a positive impact for long time holding.
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Bitcoin doesn't really have a hand in global inflation. It's just something that (smart) people buy when they expect the dollar to deprecate or markets to crash, similar to gold and oil?
For it to have a role in controlling inflation, first it must be something that governments recognize and actively use. It doesn't fulfill either of those criteria.
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For it to have a role in controlling inflation, first it must be something that governments recognize and actively use. It doesn't fulfill either of those criteria.
Even in countries like El Salvador that make bitcoin a legal tender, most people only used bitcoin for remittance and other things in a way that they will convert the bitcoin to dollar in the country. Fiat is deceiving because people thought the price is stable. Not knowing that it is an asset that always decrease in value but over long period of time. Even if the government adopt bitcoin, people will still prefer to use their fiat but bitcoin only for investment.
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At the present time, with the current capacity of the Bitcoin market, it is difficult for Bitcoin to have a positive impact on the economies of countries. Doubling profits every 4 years will not help countries achieve economic growth that requires billions of dollars, and countries cannot use Bitcoin as a guarantee to obtain development projects.
In short, Bitcoin is still in the early stages of achieving a positive impact on the lives of societies and countries.
Bitcoin will be very useful in the case of individuals and improving the level of income in the long term for individuals, especially those who have an income in excess of their basic needs.
What you say is correct at present: BTC marketcap is still small and insufficient to rescue governments from public debt. Governments will still have to print more money out of thin air, and inflation will continue to exist and worsen. Only those who invest in BTC will benefit from its price increase, as they have chosen to hold an asset of extraordinary value over time.
Another typical case is the success of El Salvador after adopting BTC at a national scale. El Salvador has attracted more tourists, received more investment to develop the country, and paid off its debt. This is a beautiful scenario for a small country with a GDP of only a few tens of billions of $.
However, in the future, BTC could truly change many familiar things in the economy: BTC could become the standard for fiat, meaning that governments cannot arbitrarily print more fiat because everyone can check on-chain data about the government's BTC reserves. BTC could also become a valuable asset class like gold, and governments could use BTC as a tool to strengthen their national financial power.
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In today's world due to the effect of inflation high price of every commodity is being observed which is shrinking the daily income source of the people which is having a negative impact on the overall quality of life. Central banks of many countries are exploring and developing digital money with their financial systems that integrate with conventional fiat to manage all economic activities with people's daily needs. This is called central bank digital currency (CBDCs) which are seen as a hedge with the country's conventional money system which can mitigate the effects of inflation to some extent. In that case, if the widespread use of Bitcoin can be increased, it can have a positive effect as an important hedge for a country's economy and help reduce inflation.
Also do you have any recommendations?
Hmm, that is not how the economies are gonna survive, TBH buddy I'm not an economist but with the learnings of such topics what I've concluded is Bitcoin is good at a personal level to avoid the informatory impact of the economy on your savings, as Bitcoin provides good ROI in a specific cyclic timeline and Bitcoin's supply is limited by a number but the total market capital is always growing on a macro scale it works as a hedge against inflation.
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In today's world due to the effect of inflation high price of every commodity is being observed which is shrinking the daily income source of the people which is having a negative impact on the overall quality of life. Central banks of many countries are exploring and developing digital money with their financial systems that integrate with conventional fiat to manage all economic activities with people's daily needs. This is called central bank digital currency (CBDCs) which are seen as a hedge with the country's conventional money system which can mitigate the effects of inflation to some extent. In that case, if the widespread use of Bitcoin can be increased, it can have a positive effect as an important hedge for a country's economy and help reduce inflation.
Also do you have any recommendations?
We have a living example of El Salvador their economy is improving now because the price of BTC is higher than the rate they bought it. They are starting some programs to attract foreign visitors and providing facilities that will attract more investors to their country. The situation for them has changed due to the adoption of BTC.
Many countries adopted BTC like currently Japan is accumulating BTC and has bought BTC by taking loans. It was their plan to keep their local currency's price stable and Russia is also doing the same by adopting BTC.
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I'm still trying to wrap my head around the idea that it will control inflation like how? Yeah, it has a limited supply but it still won't be used as the country's main currency and it's mostly treated as an investment asset by investors. I think the profits from investing in bitcoin can help cope with a country's inflation but it cannot stop/lessen it.
People are just misusing the concept that bitcoin fights against inflation. This is only achievable when it is about personal finance and the fighting against inflation and it is not about a whole country. There's no how a country will stop printing money. Since the country's currency is unlimited in supply, owning bitcoin which has a limited supply might in a way or the other give the individual an edge over others in the country.
But nowadays, bitcoin is being overrated to be the Messiah of the whole world forgetting that it is a purely volatile asset.
The CBDC is just the fiat in a digital form which is also affected by anything that affects fiat. So, there's nothing special about it.
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Hmm, that is not how the economies are gonna survive, TBH buddy I'm not an economist but with the learnings of such topics what I've concluded is Bitcoin is good at a personal level to avoid the informatory impact of the economy on your savings, as Bitcoin provides good ROI in a specific cyclic timeline and Bitcoin's supply is limited by a number but the total market capital is always growing on a macro scale it works as a hedge against inflation.
And if we look from the others side then we will also see that if we do save our money on the bank then after one year we will see a inflation that will cross the rate of bank APY.
And I have previously experienced something like this. And after observing these what I understood is what ever we do with our money buy the land or gold or invest in bitcoin can make us profitable but saving on the bank mean you are loosing your assets gradually.
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Hmm, that is not how the economies are gonna survive, TBH buddy I'm not an economist but with the learnings of such topics what I've concluded is Bitcoin is good at a personal level to avoid the informatory impact of the economy on your savings, as Bitcoin provides good ROI in a specific cyclic timeline and Bitcoin's supply is limited by a number but the total market capital is always growing on a macro scale it works as a hedge against inflation.
And if we look from the others side then we will also see that if we do save our money on the bank then after one year we will see a inflation that will cross the rate of bank APY.
And I have previously experienced something like this. And after observing these what I understood is what ever we do with our money buy the land or gold or invest in bitcoin can make us profitable but saving on the bank mean you are loosing your assets gradually.
I never keep much money in the bank, I prefer to invest in property or gold, before I knew crypto. For now I prefer to buy bitcoin and hold it because it is more profitable than investing in property and gold. That's my opinion, even though the risk is big but bitcoin gives big profits.
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I never keep much money in the bank, I prefer to invest in property or gold, before I knew crypto. For now I prefer to buy bitcoin and hold it because it is more profitable than investing in property and gold. That's my opinion, even though the risk is big but bitcoin gives big profits.
I have already said that putting money on the bank with the fiat currencies that means you are loosing your asset gradually like in my country there are records of inflation about 15%+ in a year.
So I always try to saved my assets on crypto like bitcoin and the stable coin and also some other altcoins. And I want to also say that it is always best to make diversification on the assets like hold your asset by buying land , or the gold or in bitcoin and on the stable fund and also have cash in hand.
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In today's world due to the effect of inflation high price of every commodity is being observed which is shrinking the daily income source of the people which is having a negative impact on the overall quality of life. Central banks of many countries are exploring and developing digital money with their financial systems that integrate with conventional fiat to manage all economic activities with people's daily needs. This is called central bank digital currency (CBDCs) which are seen as a hedge with the country's conventional money system which can mitigate the effects of inflation to some extent. In that case, if the widespread use of Bitcoin can be increased, it can have a positive effect as an important hedge for a country's economy and help reduce inflation.
Also do you have any recommendations?
How can you say CBDCs can be used as a hedge against conventional money systems I mean CBDC is only digitalizing the money and where it is coming from and going to. It will regulate the use of money like it will reduce corruption, and increase the control of money but don't get how it will reduce inflation as inflation is bound to the economic situation of the country.
If the economy is not good and the decision the government is taking is wrong then CBDCs won't do anything. Speaking of BTC national reserve is a good idea but my government has not adopted it so I will not be hoping them to add it to their reserve but if they do it now I will say its a bad idea. Because BTC is high.
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In today's world due to the effect of inflation high price of every commodity is being observed which is shrinking the daily income source of the people which is having a negative impact on the overall quality of life. Central banks of many countries are exploring and developing digital money with their financial systems that integrate with conventional fiat to manage all economic activities with people's daily needs. This is called central bank digital currency (CBDCs) which are seen as a hedge with the country's conventional money system which can mitigate the effects of inflation to some extent. In that case, if the widespread use of Bitcoin can be increased, it can have a positive effect as an important hedge for a country's economy and help reduce inflation.
Also do you have any recommendations?
How can you say CBDCs can be used as a hedge against conventional money systems I mean CBDC is only digitalizing the money and where it is coming from and going to. It will regulate the use of money like it will reduce corruption, and increase the control of money but don't get how it will reduce inflation as inflation is bound to the economic situation of the country.
If the economy is not good and the decision the government is taking is wrong then CBDCs won't do anything. Speaking of BTC national reserve is a good idea but my government has not adopted it so I will not be hoping them to add it to their reserve but if they do it now I will say its a bad idea. Because BTC is high.
I don't think CBDC reduces inflation, I haven't found any articles about it. You are right CBDC digitizes money so it makes it easier to transact and can control its movement, that's my opinion. because everything will be digital in time.
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In today's world due to the effect of inflation high price of every commodity is being observed which is shrinking the daily income source of the people which is having a negative impact on the overall quality of life. Central banks of many countries are exploring and developing digital money with their financial systems that integrate with conventional fiat to manage all economic activities with people's daily needs. This is called central bank digital currency (CBDCs) which are seen as a hedge with the country's conventional money system which can mitigate the effects of inflation to some extent. In that case, if the widespread use of Bitcoin can be increased, it can have a positive effect as an important hedge for a country's economy and help reduce inflation.
Also do you have any recommendations?
How can you say CBDCs can be used as a hedge against conventional money systems I mean CBDC is only digitalizing the money and where it is coming from and going to. It will regulate the use of money like it will reduce corruption, and increase the control of money but don't get how it will reduce inflation as inflation is bound to the economic situation of the country.
If the economy is not good and the decision the government is taking is wrong then CBDCs won't do anything. Speaking of BTC national reserve is a good idea but my government has not adopted it so I will not be hoping them to add it to their reserve but if they do it now I will say its a bad idea. Because BTC is high.
I don't think CBDC reduces inflation, I haven't found any articles about it. You are right CBDC digitizes money so it makes it easier to transact and can control its movement, that's my opinion. because everything will be digital in time.
CBDC is a digital form of fiat from a country's FED that is not able to hedge against inflation. Too much digital currency can fuel more inflation in the market. In my opinion Bitcoin can play a huge role in controlling the inflation of a country if it can be used in imitation of CBDC along with fiat following a different economic policy. Bitcoin can be considered as a hedge with the economic activity of that country.
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I don't think CBDC reduces inflation, I haven't found any articles about it. You are right CBDC digitizes money so it makes it easier to transact and can control its movement, that's my opinion. because everything will be digital in time.
CBDC is a digital form of fiat from a country's FED that is not able to hedge against inflation. Too much digital currency can fuel more inflation in the market. In my opinion Bitcoin can play a huge role in controlling the inflation of a country if it can be used in imitation of CBDC along with fiat following a different economic policy. Bitcoin can be considered as a hedge with the economic activity of that country.
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Yes CBDC cannot protect against inflation, it is just a digital form of FIAT currency. but it is a good development if every country has started to create their digital currency. Bitcoin may be a hedge, but we know the price of bitcoin is very volatile. Because I think bitcoin is suitable for long-term investment where the price is getting more expensive.
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Hmm, that is not how the economies are gonna survive, TBH buddy I'm not an economist but with the learnings of such topics what I've concluded is Bitcoin is good at a personal level to avoid the informatory impact of the economy on your savings, as Bitcoin provides good ROI in a specific cyclic timeline and Bitcoin's supply is limited by a number but the total market capital is always growing on a macro scale it works as a hedge against inflation.
And if we look from the others side then we will also see that if we do save our money on the bank then after one year we will see a inflation that will cross the rate of bank APY.
And I have previously experienced something like this. And after observing these what I understood is what ever we do with our money buy the land or gold or invest in bitcoin can make us profitable but saving on the bank mean you are loosing your assets gradually.
I never keep much money in the bank, I prefer to invest in property or gold, before I knew crypto. For now I prefer to buy bitcoin and hold it because it is more profitable than investing in property and gold. That's my opinion, even though the risk is big but bitcoin gives big profits.
The fact that you have an outstanding experience in the field of investing is certainly commendable. Keeping money in the bank means a high probability that it will be depleted periodically. Gold as a real asset is a very reliable investment which does yield high returns. Although the Bitcoin market is volatile, long term holding or accumulation can give you huge profits that are much higher than any other investment.
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The fact that you have an outstanding experience in the field of investing is certainly commendable. Keeping money in the bank means a high probability that it will be depleted periodically. Gold as a real asset is a very reliable investment which does yield high returns. Although the Bitcoin market is volatile, long term holding or accumulation can give you huge profits that are much higher than any other investment.
The bitcoin market is volatile and that is the reason I told and suggesting peoples do not depend only one source for saving your assets I think there is need of diversitation on assets source. Like we need also the fiat cash because some time we go through those kind of situation where we can't use the bitcoin or the digital currency I have face this issue few days ago when our government shutdown the internet for the 10days to suppress the student movement. That time I realized how important is the fiat cash also.
So there should ideal percentage assets divers to the various assets like the Bitcoin, Gold , Lands, Fiat currency.
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This is called central bank digital currency (CBDCs) which are seen as a hedge with the country's conventional money system which can mitigate the effects of inflation to some extent. In that case, if the widespread use of Bitcoin can be increased, it can have a positive effect as an important hedge for a country's economy and help reduce inflation.
I agree that Bitcoin is the best hedge against inflation, but I don't know where you got the idea that "CBDCs are seen as a hedge against the country's traditional money system, which could mitigate the effects of inflation" This is a fallacy in my opinion!!
CBDCs are digital money and are no different from fiat, in fact they are worse, and they cannot be a hedge against inflation because they are tied to fiat and the government can print as much of them as it wants.
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This is called central bank digital currency (CBDCs) which are seen as a hedge with the country's conventional money system which can mitigate the effects of inflation to some extent. In that case, if the widespread use of Bitcoin can be increased, it can have a positive effect as an important hedge for a country's economy and help reduce inflation.
I agree that Bitcoin is the best hedge against inflation, but I don't know where you got the idea that "CBDCs are seen as a hedge against the country's traditional money system, which could mitigate the effects of inflation" This is a fallacy in my opinion!!
CBDCs are digital money and are no different from fiat, in fact they are worse, and they cannot be a hedge against inflation because they are tied to fiat and the government can print as much of them as it wants.
I wonder why people believe there's a difference between fiat of a country and the country's CBDC. It is just link Mr Bob wearing red cloth in room A and in room B he wears blue cloth. The whole system behind fiat and CBDC is the same. The difference is that one is the digital form of the other which was made to run on the blockchain but with the whole principle of the offline version.
If Government can stop printing of paper (fiat), and put fix supply of their CBDC, then your insinuation will become true.
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I wonder why people believe there's a difference between fiat of a country and the country's CBDC. It is just link Mr Bob wearing red cloth in room A and in room B he wears blue cloth. The whole system behind fiat and CBDC is the same. The difference is that one is the digital form of the other which was made to run on the blockchain but with the whole principle of the offline version.
If Government can stop printing of paper (fiat), and put fix supply of their CBDC, then your insinuation will become true.
Yes you are right they are exactly the same thing, but unfortunately it seems that some people do not know the difference between centralized digital currency and decentralized cryptocurrencies, so they may think that CBDCs are different from fiat.
Actually they are exactly the same thing with the only difference in form as you mentioned, it is just a more civilized form of fiat with more control, more centralization and easier printing.
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This is called central bank digital currency (CBDCs) which are seen as a hedge with the country's conventional money system which can mitigate the effects of inflation to some extent.
Have you read about the CBDCs before? I mean the ones that have been created already. CBDCs are not more than fiat. in fact, they are fiat. They are pegged in 1:1 to the Fiat of the country that created it. So CBDCs do nothing to mitigate the effect of inflation.
Yes, that is right. CBDC is just fiat in digital form and one that can be another tool for the government to gain more control on the economy and the people. That is a big fact we should be aware of. Personally, I am not very much against CBDC because with the way things are this is actually inevitable and with the way many governments are heading to this can be their next step of things. There may not be bad CBDC but there can be bad people who are in power and they can be interested on how CBDC can further their goals. And since there is no cap to how much CBDC the central bank can generate, this is not an effective tool actually to combat inflation but can even balloon the problem. Now, I can be wrong since I am just a simple human being expressing this opinion but it is good to be forewarned.
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If you come to think of it , discussions of these nature wouldn't come up if bitcoin didn't become the Top crypto currency in the market. Fact is bitcoin actually wasn't created for the purpose of investment which in turn can be used to combat inflation for the investor, rather the reason Satoshi created it was for the purpose of a simple digital P2P cash system without third parties or government involved.
exactly why some people are not that open to central banks participating with crypto because it beats the purpose of cryptocurrencies being decentralized when it is being controlled by a third party but of course some people are still going to use it these people know the potential and benefits of crypto but are too anxious to separate from the traditional banking
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If you come to think of it , discussions of these nature wouldn't come up if bitcoin didn't become the Top crypto currency in the market. Fact is bitcoin actually wasn't created for the purpose of investment which in turn can be used to combat inflation for the investor, rather the reason Satoshi created it was for the purpose of a simple digital P2P cash system without third parties or government involved.
Yes bitcoin can be used as an investment because of it's volatility and returns over time. However for you to be able to combat inflation, you would have HODL your coins for a longer period of time.
Although Bitcoin was not created as an investment medium, it has developed in the past and present within this system and investors are trading and holding for higher profits. I think Bitcoin can play a role in combating inflation in the world if we can ensure its widespread use. If a country's government can separate ptop cash transactions for buying and selling goods, Bitcoin can be linked to that country's economy, helping to raise taxes and benefit greatly financially.
Holding Bitcoin for the long term is definitely a positive aspect that can give investors huge profits but it is a question of how much it will help against inflation due to the volatile price.
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Although Bitcoin was not created as an investment medium, it has developed in the past and present within this system and investors are trading and holding for higher profits. I think Bitcoin can play a role in combating inflation in the world if we can ensure its widespread use. If a country's government can separate ptop cash transactions for buying and selling goods, Bitcoin can be linked to that country's economy, helping to raise taxes and benefit greatly financially.
Holding Bitcoin for the long term is definitely a positive aspect that can give investors huge profits but it is a question of how much it will help against inflation due to the volatile price.
Yes of course I get your point of view. Bitcoin obviously wasn't an inflation combater created by SATOSHI , rather it was a simple P2P currency which later grew in both adoption and likewise in price. The fact is bitcoin is even being used by some countries in the world currently to reduce the general and net effect of inflation on their economy. Some countries out there have bitcoin reserves both in form of Hodlings of the citizens and also Hodlings of the Government.
The whole concept is simply based on the idea that the inflation combating aspect of bitcoin wasn't the initial plan for its creation.
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If you come to think of it , discussions of these nature wouldn't come up if bitcoin didn't become the Top crypto currency in the market. Fact is bitcoin actually wasn't created for the purpose of investment which in turn can be used to combat inflation for the investor, rather the reason Satoshi created it was for the purpose of a simple digital P2P cash system without third parties or government involved.
exactly why some people are not that open to central banks participating with crypto because it beats the purpose of cryptocurrencies being decentralized when it is being controlled by a third party but of course some people are still going to use it these people know the potential and benefits of crypto but are too anxious to separate from the traditional banking
If you are really hardcore, yes, this could be the mindset of some OG crypto enthusiast. However, we should understand that the ecosystem has revolved so much in the last 7 years. Some crypto projects are working with banks or central banks, established Central Bank Digital Currency (CBDC). And then other crypto as specially design to be bankers crypto for all we know. So we can't get allow with traditional banking + crypto and I think this will be the trend in the next 10 years whether we like it or not.
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Holding Bitcoin for the long term is definitely a positive aspect that can give investors huge profits but it is a question of how much it will help against inflation due to the volatile price.
Well, I agree that Bitcoin is a volatile asset and its price can drop anytime, and most of us have seen that in recent weeks Bitcoin dropped below $50k but that's still going to be helpful to fight inflation because after dropping to that low values not Bitcoin is again over $61k.
The fiat currencies when lose their value won't be able to recover their buying power as soon as Bitcoin does and that's why the ones who invest in Bitcoin will surely be safe from the inflation because there are going to be limited number of Bitcoin available and thus its value will grow overtime.
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Well, I agree that Bitcoin is a volatile asset and its price can drop anytime, and most of us have seen that in recent weeks Bitcoin dropped below $50k but that's still going to be helpful to fight inflation because after dropping to that low values not Bitcoin is again over $61k.
The fiat currencies when lose their value won't be able to recover their buying power as soon as Bitcoin does and that's why the ones who invest in Bitcoin will surely be safe from the inflation because there are going to be limited number of Bitcoin available and thus its value will grow overtime.
One of the main reasons why bitcoin is able to hold up a nice value and combat inflation is because bitcoin has a fixed supply unlike regular fiat which can be printed on and on and on. Let's not forget that when excess money is in circulation, the value of that currency gradually begins to drop. It's just the simple economics of demand and supply.
Bitcoin on the other hand has a supply cap of just 21 Million coins which is the maximum value that can be pumped out into circulation. And therefore for this reason, since new bitcoin ls can't be created once the 21million supply cap is hit the value begins to increase so as to be able to cover the amount of money needed in circulation. Of course this will only be possible as long as adoption doesn't drop.
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Well, I agree that Bitcoin is a volatile asset and its price can drop anytime, and most of us have seen that in recent weeks Bitcoin dropped below $50k but that's still going to be helpful to fight inflation because after dropping to that low values not Bitcoin is again over $61k.
The fiat currencies when lose their value won't be able to recover their buying power as soon as Bitcoin does and that's why the ones who invest in Bitcoin will surely be safe from the inflation because there are going to be limited number of Bitcoin available and thus its value will grow overtime.
One of the main reasons why bitcoin is able to hold up a nice value and combat inflation is because bitcoin has a fixed supply unlike regular fiat which can be printed on and on and on. Let's not forget that when excess money is in circulation, the value of that currency gradually begins to drop. It's just the simple economics of demand and supply.
Bitcoin on the other hand has a supply cap of just 21 Million coins which is the maximum value that can be pumped out into circulation. And therefore for this reason, since new bitcoin ls can't be created once the 21million supply cap is hit the value begins to increase so as to be able to cover the amount of money needed in circulation. Of course this will only be possible as long as adoption doesn't drop.
limited supply of bitcoin, that's what makes the price of bitcoin expensive because the demand for bitcoin increases day by day. While FIAT is always affected by inflation, this is the reason I prefer to store my assets in bitcoin rather than FIAT, before knowing bitcoin I preferred to store in the form of gold.
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Well, I agree that Bitcoin is a volatile asset and its price can drop anytime, and most of us have seen that in recent weeks Bitcoin dropped below $50k but that's still going to be helpful to fight inflation because after dropping to that low values not Bitcoin is again over $61k.
The fiat currencies when lose their value won't be able to recover their buying power as soon as Bitcoin does and that's why the ones who invest in Bitcoin will surely be safe from the inflation because there are going to be limited number of Bitcoin available and thus its value will grow overtime.
One of the main reasons why bitcoin is able to hold up a nice value and combat inflation is because bitcoin has a fixed supply unlike regular fiat which can be printed on and on and on. Let's not forget that when excess money is in circulation, the value of that currency gradually begins to drop. It's just the simple economics of demand and supply.
Bitcoin on the other hand has a supply cap of just 21 Million coins which is the maximum value that can be pumped out into circulation. And therefore for this reason, since new bitcoin ls can't be created once the 21million supply cap is hit the value begins to increase so as to be able to cover the amount of money needed in circulation. Of course this will only be possible as long as adoption doesn't drop.
limited supply of bitcoin, that's what makes the price of bitcoin expensive because the demand for bitcoin increases day by day. While FIAT is always affected by inflation, this is the reason I prefer to store my assets in bitcoin rather than FIAT, before knowing bitcoin I preferred to store in the form of gold.
You’re absolutely right. Part and parcel of their high demand, a limited number of bitcoins are in circulation and this fuels its value. In contrast to fiat currencies, which can be diluted by inflation, the work of Bitcoin can provide a kind of shield against such economical problems. The matter is that holding the assets in Bitcoin instead of fiat or even gold is beneficial for those who are looking for inflation-proofing and long-term, stable investments. What is important to note however is that one should keep abreast and with market fluctuations as they pertain to investments.
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You’re absolutely right. Part and parcel of their high demand, a limited number of bitcoins are in circulation and this fuels its value. In contrast to fiat currencies, which can be diluted by inflation, the work of Bitcoin can provide a kind of shield against such economical problems. The matter is that holding the assets in Bitcoin instead of fiat or even gold is beneficial for those who are looking for inflation-proofing and long-term, stable investments. What is important to note however is that one should keep abreast and with market fluctuations as they pertain to investments.
Based on my knowledge of simple economics, money or rather a suitable currency is supposed to have some key properties of which one of them is supply. For a currency to be able to appreciate rather than depreciate to inflation over time, it should be of limited availability and supply as this would assist alot in value increment. Bitcoin has this in it's protocol and that is where bitcoin halving has a key role to play in the price of bitcoin. To slower the rate at which new bitcoins are pumped into circulation, the higher the chances of price progression.
On the other hand if mining were to remain fixed and all the coins mined too soon, chances have it that price will likely drop or consolidate a little downwards. Majority of these things including adoption are key factors that keeps bitcoin at the top of all other crypto currencies.
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limited supply of bitcoin, that's what makes the price of bitcoin expensive because the demand for bitcoin increases day by day. While FIAT is always affected by inflation, this is the reason I prefer to store my assets in bitcoin rather than FIAT, before knowing bitcoin I preferred to store in the form of gold.
That's really great if you are doing this so far, but the limited supply should not be the criteria for choosing an asset for the store of valuation, there are many coins with limited supply similar to that, there were NFT's trend and there was even a more concentrated limited supply but while choosing an asset for the investment you should check maximum possible fundamentals associated with the coin and market.
Anyway Bitcoin is reliable there some other coins a little bit risky compared to Bitcoin but reliable but Bitcoin has huge potential to bring dreams come true, haha dreams like one overnight millionaire are just possible in deep sleep.
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limited supply of bitcoin, that's what makes the price of bitcoin expensive because the demand for bitcoin increases day by day. While FIAT is always affected by inflation, this is the reason I prefer to store my assets in bitcoin rather than FIAT, before knowing bitcoin I preferred to store in the form of gold.
That's really great if you are doing this so far, but the limited supply should not be the criteria for choosing an asset for the store of valuation, there are many coins with limited supply similar to that, there were NFT's trend and there was even a more concentrated limited supply but while choosing an asset for the investment you should check maximum possible fundamentals associated with the coin and market.
Anyway Bitcoin is reliable there some other coins a little bit risky compared to Bitcoin but reliable but Bitcoin has huge potential to bring dreams come true, haha dreams like one overnight millionaire are just possible in deep sleep.
I believe the stock should not be the only one to be valued with limited supply as the criterion for choosing the asset. The general idea of the asset: its purpose, how widely it is used, and the underlying technology are far more significant in the long-run. Hyped aspects such as NFTs and limited supply coins are fresh opportunities, however, such an asset must be assessed on how it can increase further or sustain its value in the future.
As for Bitcoin, such as it is regarded as a less risky asset in the context of other cryptocurrencies, there are is still certain risks, compared to certain altcoins that might have higher growth rates. However, dreams such as getting to be a millionaire today are quite realistic if the long run is considered and we are persistent in our investing policies. I believe it is possible to choose some safe and relatively risky assets. Thus, do you consider that such a diversification strategy can exist in your portfolio?