Post
Topic
Board Bitcoin Discussion
Re: Stop comparing BTC to FIAT. FIAT is dying every single day.
by
CryptoHeadlineNews
on 03/05/2023, 13:37:55 UTC
,
Inflation is killing FIAT every single day.

So stop comparing BTC to FIAT and see the true value of Bitcoin. Don't go "wow" when BTC hits $100k. Because $100k today doesn't value that much anymore. It's still low.

Given the poor FIAT value 1 BTC is terrible cheap these days. $30k in 2009 is not $30k in 2023. You need like $42k for the same purchasing power.

What I mean is... don't sell cheap when you do it because you might never see your BTCs again.

Sell only for your real needs. Get the house or the car of your dreams. Have some money in your bank account. Live your life. But don't keep them all in the bank, those money will disappear day by day.

The governments will keep printing...
Though fiat will tend to depreciate with time due to it's unlimited supply and Bitcoin appreciate with time due to it's limited supply and increased in demand, but the truth of the fact is that without fiat Bitcoin has no worth, since fiat is the only means through which we determine the current price/worth of bitcoin at a particular moment.
But when it comes to choosing which for long term investment, I will rather go for Bitcoin rather than fiat whose value prone to depreciate due to government policies.