Quote from: KingsDen on Today at 08:35:20 AM

Quote from: john alex young on August 09, 2021, 09:57:48 AM

According to many analyzes, inflation is caused by the printing of money by the Central Bank. Excessive printing of money will create an imbalance in supply and demand, which will have a negative impact on the balance sheet.
As a person who really loves BTC, I want to ask, is Bitcoin anti-Inflation?

When we talk about inflation, there are many things that contribute to inflation. I can categorise them as nation base and global base, so the kind of inflation we are seeing today is global inflation and the role of Bitcoin is not to fight against inflation, be it global or otherwise. But bitcoin can protect you as an individual against the adverse effects of inflation. How will bitcoin be able to do that? it is because one BTC is equal to 1 BTC anytime anyday.

When you talk about the Fiat money, the government prints money, they try to regulate it but inflation keep hitting the economy. Prices of goods are almost trippled just from agter covid-19. One thing about global inflation, bitcoin cannot actually stop it, you remember recently that US released the inflation rate, bitcoin price dropped, this is to show that bitcoin is responsive to the economy. Bitcoin protects you and not the whole nation.

if in the current situation investing in bitcoin will give us comfort later because the value will increase and be greater than the inflation that will occur, so with bitcoin we can save our assets from inflation that will continue to rise later. Unfortunately, to achieve this, not everyone can do it because many people actually lose their assets due to their own mistakes who do not understand the characteristics of bitcoin