Post
Topic
Board Economics
Re: Inflation is making a mess of my savings.
by
Cling18
on 26/07/2023, 20:21:07 UTC
Inflation is really biting hard, and nobody is doing anything about it, should we all just go with what Tupac said, "that's just the way it is, things will never be the same".
Constant change is part of life and this will never be static or remain as they were when people enjoyed or thriving!
But as the laws of survival dictate, only the strong shall survive and at the moment this seems to be the experience some people might be going through and need to survive this wave.

But you my friend being a privileged person knowing about cryptocurrencies and the alike,  you can counter against inflation by saving your money in BTC or a stablecoin to stop the bit coming from inflation and ifbit gets worse it means you have more currency if you sell your coins.

How are you guys pulling it through with this inflation?
Let's just say it's not as bad as what others are experiencing...

Being contented with how we survive life during this inflation crisis will never be enough anymore. It is necessary that we'll still find other ways to earn and make money or else, we will only consume most of our savings.
We should double our effort and as much as possible, we must always look for ways to earn. The only thing that we can do to deal with this crisis is to be tough and always prepared for the possible changes that could happen unexpectedly.
No matter how the crisis situation might be, we must always find ways to earn and save specifically in Bitcoin. Saving and investing must also be our priority.