Post
Topic
Board Bitcoin Discussion
Re: Stop comparing BTC to FIAT. FIAT is dying every single day.
by
Mate2237
on 05/05/2023, 11:41:54 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.

Not all houses plus car you can use that amount to buy and charge will be left in your hand. though it will go for a long way.


Look at $100k.
Today... do the math and see what you can buy Grin

Inflation is killing FIAT every single day.

Inflation affect every currency in the world and not only on fiat currency. It affect also bitcoin because since bitcoin can not be use to buy things directly, you must change the bitcoin to fiat current before using it to buy stuff.

Look at $100k.
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.
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OP can you use bitcoin without the fiat currency? When you are advising people, you have to think the both side of the advise. comparing BTC with fiat is worthless though everyone has their own value in their domain.

Look at $100k.
What I mean is... don't sell cheap when you do it because you might never see your BTCs again.
Yes but when you are dieing what will you do? will you keep your coins there and die go? do well to advise people.

Look at $100k.
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.
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In what time the real needs will come? there is always a need to settle.