Post
Topic
Board Economics
Re: Should I Use Emergency funds or Sell my Assets ?
by
Minecache
on 19/07/2023, 13:41:52 UTC
✂️
How can it be that the crypto market, whose movements are very volatile, makes Bitcoin a place for storage or for saving, that is clearly the wrong decision,
if for a place to save then the priority is with low risk,
what is clear is saving money on Bitcoin will make you lose.

The volatility of bitcoin is crazy, it can cause our assets to lose more than 50% to 80% of their value if we are in bear season. And if bear season lasts, what happens? That would be a dire situation for anyone who sees bitcoin as a store of value. But unfortunately, many people still have that mindset, they see bitcoin as a store of value, a safe haven for their wealth.

Many people think that fiat depreciates too quickly and that inflation in 2022 has caused the currency's value to depreciate severely. But I want to ask people who bought bitcoins for $50k or more in 2021, is it a store of value as many are saying? Or is it just an investment that would be better?