Post
Topic
Board Bitcoin Discussion
Re: I never spent any savings on Bitcoin and I'm not broke
by
ranlo
on 14/07/2016, 04:33:37 UTC
If I had invested my savings in Bitcoin would it be more likely to be broke? Cheesy

Do you keep your savings in a currency that loses value over time?

I love that question. I don't think most people realize that fiat is inflationary by nature. If you bought a brand new house in 1970 that cost $30k, it'd be $250k in today's money. So if you had put that $30k in a bank/cash, you'd have essentially LOST $230k, or 90% of your money. And this is a GUARANTEED loss because that's how fiat is.