Quote from: jaysabi on Today at 06:05:52 AM

Quote from: Coroline on July 16, 2021, 11:22:46 PM

Quote from: jaysabi on July 16, 2021, 10:05:41 PM

Quote from: countryfree on July 15, 2021, 10:10:24 PM

I've said it for a long time, but this time, I'm not making this up. It's from the WSJ.

https://www.wsj.com/articles/higher-inflation-is-here-to-stay-for-years-economists-forecast-11626008400

BTC holders shall not worry.

Inflation of 3% over the next several years compared with the extreme volatility of bitcoin isn't even a question. The dollar wins hands down. Your bitcoin could be worth $40,000 next month or $20,000. That's not protection from inflation. To actually protect against inflation, you need something that holds a steady and predictable value. Not that I think people shouldn't own bitcoin, but they definitely need to not delude themselves into thinking they're protecting themselves from what is ultimately still a low inflation rate by doing so.

yes I agree with you, but in my opinion bitcoin is a store of value. Store of value itself is something that does not depreciate over time. Usually this medium store of value is rare and cannot be easily devalued. This is what causes Bitcoin to be categorized as a store of value. The best thing you can do with bitcoins is store them so you can protect yourself from inflation. Even though bitcoin is volatile, if it is withdrawn over a longer period of time (logarithmic chart), the value of bitcoin has remained or even increased drastically in the last 10 years.

More people say store of value now than ever before, but my point about that would be the same. An asset needs to have a reliably predictable and steady value to be a store of value. Bitcoin I wouldn't say fits due to its extreme volatility.

save bitcoin and sell it when the bullrun occurs, I think it can avoid the inflation that is happening right now, but if we let it go I think it's still profitable. we can see in the last 10 years, the value of bitcoin is free from inflation, although high fluctuations exist in the nature of bitcoin. but if most countries accept it, I don't think the fluctuation is as big as it is now