Post
Topic
Board Bitcoin Discussion
Re: Stop comparing BTC to FIAT. FIAT is dying every single day.
by
lonerangerh
on 04/05/2023, 23:14:51 UTC
Look at $100k.

Now imagine owning $100k 20 or 30 years ago. Wow, that was a lot of cash! You could have bought a home, maybe a nice car and still have some money left in the bank.

Today... do the math and see what you can buy Grin

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...
You cannot stop people from comparing Bitcoin to fiat currency. The true value of Bitcoin cannot be properly evaluated due to the continuous inflation that diminishes the value of fiat currency. While $100k held great value many years ago, its value has significantly decreased today due to inflation.