Community Trust ScoreVerified
According to official numbers, your USD is now losing 1% of its value every 30 days.
How Do We Know Bitcoin (BTC) Won’t Ever Crash?
Crash? What is your specific concern? If I were to invest in Bitcoin, so I don’t lose money to inflation but isn’t there also a risk of crash with bitcoin? Regarding to law, regulations, etcetera.
There is no absolute thing, but even if it will collapse, but it will take a long time. Bitcoin is limited and very scarce. Coupled with a lot of consensus, it will never collapse.
Community response: What can one currently buy with Bitcoin?
You can buy everything in countries which have already adopted it as currency. Everywhere else, it is an asset like gold so what can you buy with gold without paying capital gain tax? Or stock?
Bitcoin will remain as an asset until all country specific currency’s collapse into a single global one. This will create the synergy required to provide the best opportunities for success in all parts of our world with BTC.
Buying Bitcoin is one of the ways to protect wealth. With Bitcoin, it is not about getting a return. It’s about avoiding a loss. However, many people do not have much dollars to lose.
Most people still think Crypto is not the future and the truth. There are BTC believers who still think it’s hard for cryptocurrencies to replace fiat money. The different narratives of BTC continue to create fear. Many are setting to buy BTC, because they want to resist inflation.
This is pure fear-mongering, yes some things do increase in price and others don’t. The fact is the CPI is made up of 80k of products, Walmart carries 75 million products. See the problem? It’s another BS metric that they massage constantly. Don’t fall into the Bitcoin trap.
Yes, everyone knows CPI is lie. If the CPI is “officially” 6%, then what do think an accurate measure of inflation would come to?
I wouldn’t hazard to guess, too many variables. Inflation would be different for individuals, businesses, income levels, and locations. It’s not a one-size-fits-all.
I don’t think CPI numbers are that far off if you’re if you’re just paying bills and trying to get by. I think it’s pretty clear, the more money you try to save, the larger your hurdle is.
I just lost 6% of my purchasing power in the last day by holding Bitcoin. It is funny how you all the only way to benefit from Bitcoin is buying and holding, and also scared that the market might crash, well that’s a lie.
