Post
Topic
Board Bitcoin Discussion
Re: Would you invest in the USD (or any other fiat currency ?)
by
maimainguyen05
on 31/01/2018, 19:39:45 UTC
So far, every fiat currency in the world is inflationary. It will always decrease in value overtime in the long run. Its a guaranteed loss !

Whenever you sell bitcoin, you are buying a fiat currency; making sure you will lose in the long run

TLDR: JUST HODL BTC

I find that your opinion is correct, as it is now if we sell cryptos that means we buy into fiat currency. The current money has very high inflation so the exchange rate will be reduced over time. Though, the difficulty here is that cryptos are not accepted as an official currency to use in every transaction so we still have to buy fiat currencies to be able to trade everything for personal needs. If future cryptos are accepted, then I will hold and not convert to fiat currencies.