Quote from: Alpha Marine on Today at 02:38:49 PM

Quote from: EarnOnVictor on September 23, 2023, 06:54:17 AM

Bitcoin is an asset, and like other assets could be used as an investment, this is the best way I like people to view Bitcoin, not as a hedge/counter against inflation, or else it might break the heart of many during the bearish season.

I think I agree that Bitcoin is somehow a counter against inflation. An asset can also be a counter against inflation and you rightly stated that Bitcoin is an asset.
Inflation rate in my country is officially at 25% right ght now, (it's actually much higher than that but the government cover it up with lies). So imagine I try to save money for a long term in my local currency, what do you think will happen to the value of that money after let's say 2 to 3 years? Considering the fact that the inflation rate keeps rising?

We can never truly avoid inflation because we're going to buy stuff and those things are going to be very expensive but you can give your savings a standing chance against inflation if it's in Bitcoin.

If we save in local currency, the value of our money will decrease day by day. There are many ways to preserve the value of our money. One of these ways is Bitcoin. It's important to note that when the price of Bitcoin falls, you can't protect the value of your money. If you are a long-term Bitcoin investor, Bitcoin will protect the value of your money and allow you to make a profit, just like before.

When we invest, we also need to know the risks. That's why we need to know every detail about what we're investing in.