Post
Topic
Board Economics
Re: Crypto vs Fiat
by
AicecreaME
on 03/06/2021, 06:42:05 UTC


If you understand this picture, congratulations, if you don’t , then you don’t understand money , no matter how much you have in the bank.
#Bitcoin  is down 4% today. But next few months BTC could pump 400%.  Pump or dump, storing your money in crypto beats saving up in the bank.

Surely, gold's value increases as time passes by. It is one of the nicest investment assets if you'll look it up on the Internet. However, also put into consideration the hyperinflation that happens as the world moves forward. It also plays a role in why certain assets have a price value higher than it was declared years ago.

Crypto is a good investment, no doubt. But also put in mind that it is a speculative asset. Nothing is ever certain so I never recommend putting all your eggs in one basket. You have to diversify your funds because it's so risky to store them in one place. If a bad thing happens at that specific platform that you have invested all your wealth, you'll end up having nothing in a snap.