Post
Topic
Board Bitcoin Discussion
Re: Did bitcoin lose its value?
by
ghost424
on 25/10/2020, 15:24:45 UTC

Did bitcoin lose its value?
In the era of pandemic 2020, Federal Reserve Bank printed paper currency notes which ultimately decreased the value of us dollar USD. And in that period, Bitcoin btc was also stagnant and did not move much. So did bitcoin has losen its value with usd? If yes then similarly other fiat currencies like usdb, usdt etc. also lose their value with devaluation of us dollar.


Bitcoin being stagnant does not mean it is losing its value. Its actually better for Bitcoin to have a stabilized value since you have these opportunity to use Bitcoin for buy and sell purposes. I actually saw this opportunity to be active within the Cryptocurrency Industry again since most jobs are being lay-ed off during this pandemic.