Post
Topic
Board Beginners & Help
Re: Journey of a newbie.
by
Pokapoka124
on 21/09/2023, 18:46:08 UTC
I have always been confused about crypto currencies and how they work... how they are stabilised and regulated but with the present plight and constant devaluation of my country's currency, it's safe to say I need to learn, practice and own a safer landing, the banking systems are not helping with constant maintenance levies and network issues. I'm aware that there is no perfect place but anywhere with a more better solution is more preferable. Cheers to the beginning of a new journey.
Welcome to the forum. As you already know, adding bitcoin to your portfolio can be a good way to hedge against inflation. My country also suffer from the same problems you speak of, the value of our currency keeps falling down against the US dollar, and this makes the cost of living to go high because we import most of what we consume. Bitcoin is the cheapest way to beat the current system, people living in poor countries understand this the most, that is why Bitcoin is more popular in developing countries than developed nations.