Post
Topic
Board Bitcoin Discussion
Merits 2 from 1 user
Re: Bitcoin the hedge against inflation
by
Lucius
on 02/10/2021, 12:56:30 UTC
⭐ Merited by pooya87 (2)
The short term increases (or decreases) don't matter. The long term is the important one.
For example over the past 2 years from 2020, price has gone up 1400% or
in a longer period over the past 5 years from 2016 price has gone up 11000%

I keep wondering when people ask questions like this, as if what you, me, and some others know is some secret knowledge that is not available to an ordinary person who just needs to turn on a computer, go online and use a search engine. In general, most beginners who come to this forum show that they do not have the ability to see the bigger picture, and that is why they are constantly in a kind of panic every time the price drops by 5% or more.

I believe that some who read your post sincerely doubt the accuracy of your data because it seems unreal to them - and it is even more unrealistic to believe that Bitcoin has really shown so far that it is a very good (not to say excellent) hedge against inflation. Far from advising anyone to invest in something, but Bitcoin has really protected me from inflation in the past 5+ years in a way I could never have imagined.