Post
Topic
Board Trading Discussion
Re: did you put all your money into bitcoin?
by
senyorito123
on 28/09/2016, 21:42:47 UTC
i put most of my money but not the all. i keep some for my daily uses. i have my family and i am supporting it. i have one brother one sister mother and wife with 3 children. i am supporting them so i have to keep some money with m self to fulfill their needs and demands.
Off course am i not putting al of  my money into the bitcoin why would i do that when he can fall down that much and real money wont lose his worth offcourse,
Fiat loses its value every minute of every single day that is called inflation, in fact fiat currencies are one of the worst ways to try to store value and the dollar has lost more than 95% purchasing power.
That is because of the economy of our country but since bitcoin cannot function without fiat or without the support of fiat we have to deal with it, so if you are afraid you are losing the value of your money when you just save it in the bank, better allocate a portion of it for investment.
Bitcoin is money so it can function without fiat, the only reason that is not happening right now is because the adoption of bitcoin has been slow that is all.

Maybe it's slow for now but for what i see the development and progress for bitcoin is really good and provably the adoption will be more slowly faster in this incoming future, and if company will see that flactuation is not a barricade for this aspect i think many of them will jump off and accept bitcoin as their processor and so for now we only need to continue use it as support for bitcoin and its advisable also to not put any huge amount so the loss will not hurt us so much when price sudden down.