Quote from: FanEagle on February 13, 2021, 04:17:16 PM

Quote from: bits4books on February 13, 2021, 09:58:22 AM

Hiding from the crisis in cryptocurrencies is a pretty stupid idea. And not even because during the crisis in recent years, there is a tendency to print money to get out of this crisis, which leads to inflation - but because during the crisis, cryptocurrencies fall in price and/or stop their growth, just like the regular stock market. You think that cryptocurrency is a safe bunker during a crisis, but in fact it is just as much a bungalow made of straw as fiat currencies. What difference does it make how much money you have if the real purchase power doesn't depend on it?

The difference is that on a regular day crypto still keeps going whereas money keeps losing its value. For example, if you had 1 million dollars at the start of 2020 and you had 1 million dollars worth of bitcoin at the start of the year, that 1 million dollars in cash couldn't even buy you the same things, why? Because inflation made things more expensive, but that 1 million in bitcoin would have been 7 million dollars or so right now and could have bought anything you wanted and then some.

Long story short sure during the march fall just like how markets dipped, oils dipped, gold dipped, during that period bitcoin dipped as well I get that, but this is cash versus bitcoin and bitcoin wins every single time, if you want to go with stocks go ahead who can stop you, maybe you will find a stock that is more profitable, but bitcoin is a currency and it is a better currency than dollars or any other ones.

The purpose of money and the purpose of BTC are two different things.
"The purpose of BTC" is a conditional eternal growth, which to one degree or another is one of the motives for inflation, because in relation to the dollar it is indecently expensive (hello 51k). It's growth for growth's sake.
And the purpose of money is an opportunity here and now buy anything without unnecessary stages to buy/sell something and at the same time instantly. I'm not talking about the fact that buying a conditional property today, you thereby bring money into a state of "eternal growth" - until you decide to sell this property (I don't know about your country, but in my prices for real estates only grow).

The main problem is that BTC does not create anything but even more dollars, thereby motivating inflation, when the dollar itself does not do this