Post
Topic
Board Economics
Re: Buy Crypto Or Have Fun Staying Poor!
by
cheezcarls
on 20/01/2022, 12:30:30 UTC
If you're still primarily holding fiat, you're not paying attention to what we do here on a daily basis. Inflation, according to Elon Musk, is the most regressive of all the tasks. The US dollar has been the strongest currency for the past 100 years, yet it has lost 95% of its purchasing value since 1913. Fiat currency will always lose value over time, but cryptocurrency will always gain value over time; the two are moving in different directions. According to recent studies, 40% of all US dollars in circulation were printed in the last twelve months. Every day, they are printing away our wealth. Opt out and invest in cryptocurrency instead.



We can’t escape from inflation in which that’s what we are experiencing nowadays in our respective local currencies like the USD. It’s either we just stay put and remain poor or being contented the way we live in, or we do something about the money that can make it grow even more and cryptocurrencies are the answer. Although that stocks are the other option, but they are centralized and we don’t have the custody of it.

I just don’t know where would I be right now without knowing Bitcoin and cryptocurrencies. Without it, I would remain poor, living in debt and a disappointment to my family. Good thing that I have decided to enter this industry years ago and until now I am happy with it.