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Dan Held Shared: US inflation numbers just came in at 6.8%. This is the highest in the last 40 years. Got Bitcoin.
Random thoughts from different users about investing in Bitcoin: I keep trying to buy but this is what I get from Coinbase.
Wouldn’t it be nice if this news inspired Bitcoin[ers]? If it’s the anti-inflation insurance policy, why can’t it respond positively to inflation news?
Because our entire life is still valued in US Dollars and the fear to lose our dollars is quite a scare. Keep HODLing.
For sure. I bought at the last ATH at 62K and was pretty bummed at first. But I believe in it enough now to not be worried that its currently back under 50K. You don’t lose if you don’t let go!
Is Bitcoin a good investment now, since we are in a small bear market
We’re not in a bear market it’s a small correction to get rid of leverage because people got too confident but my advise would be alt coins u will make more money than Bitcoin but Bitcoin is less risky.
Yes, but many people are almost unable to hold on, they chose to give up.
Sure, buy a small portion size and hope for lower prices and get some more.
This has been tweeted so much already and seems to tank the price every time – I don’t get why people sell into increasingly inflationary cash when high inflation figures are published? Can someone explain?
Bitcoin is down 16% this week. Just a shave off the 160% return YoY. Whether you HODL or trade the asset, it’s volatility and consistent positive movement make it a premier asset.
Converting your fiat into Bitcoin will be the best decision you make for the next 40 years!
That’s really good right? We are all about breaking records in the US.
Hey Dan, do you think it’ll get harder to buy bitcoin as prices go up leaving the average household with less disposable income to buy? Before Covid over 50% of the households in the United States made less than $16 an hour.
Nope. Just as easy to buy as when it was $10.
Kinda but not really true. If your wages have not increased and the cost of living is going up what money does the average household have in disposable income to then buy the bitcoin? I am specifically referring to the bottom 60% of households. The majority of the population.
Stop whining. Bitcoin was able to be freely purchased by many.
Thanks for snapping me out of it. Bought some more.
Bitcoin is a Ponzi scheme every day PUMP&DUMP.
Hello, what is a Ponzi scheme? For Clarity, A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.
There is still a better chance of getting your monetary promised fulfilled by the US government than there is from a server owned anonymously and without any scrutiny.
Bitcoin proves to be the safest way to securing futures, and of younger generations. We’re early, Bitcoin ensures freedom.
Today, we see that Bitcoin has nothing to do with inflation protection.
If you want to protect yourself day to day to an imaginary CPI reading then go have fun buying TLT. If you want to preserve your wealth over the next years/decades you hold bitcoin. The problem is your looking at this in the wrong time-frame.
Wow. Where will money inflation go? The nature of money is not evenly divided. It will flow into stocks, real estate, digital currency (BTC) and gold. The poor have little access to this, for that reason will add to the disparity about rich and poor.
