Ninjastic
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Board Bitcoin Discussion
Re: I hardly have up to $100 again in all my fait bank accounts since I joined BTT
by
Odusko
on 20/11/2022, 13:37:21 UTC
Quote from: PrivacyG on November 18, 2022, 11:19:39 AM
Quote from: LegendaryK on November 18, 2022, 10:07:18 AM
While inflation does eat fiat value,
you do realize BTC dropped from $64K to less than $17K in only a few months.

BTC losses have been worse than inflation.  Tongue
That is true, but only if you look at a particular part of the All-Time chart.  If you look further you will notice we are up more than 1,000% only over the past few years.  Compare ~$16,000 to prices of 2014-2016.  That is only a few years ago.  Sure, we may be down for the past year, but Bitcoin overall has been an insanely good investment.  We beat inflation to a pulp and we were some of the very few who truly thrived.

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Regards,
privacy
You are both are correct because bitcoin volatility can be likened to inflation at some point but what makes Bitcoin unique is that Bitcoin always recovers at whatever point if you have been following the chart over the past few years, Bitcoin price have made some insane movements and most of the time against the user's expectation.
Bitcoin is a hedge against inflation does not mean Bitcoins is totally free from the impact of inflation in the global stock market an bitcoin is also expose to have some elements of inflation which have resulted in Bitcoin volatility but if you have the right understanding and knowledge that could guide your thoughts, and decision that could limit the risk of unexpected bitcoin price movement as an investor of just a regular Bitcoin user.