Post
Topic
Board Bitcoin Discussion
Re: How can third-world countries counter inflation using bitcoin?
by
Natsuu
on 26/09/2023, 08:57:25 UTC
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or hold onto their tokens as an investment.

It should be noted that tokens shouldn’t be used as investment because most of them do not have a long retention period and as such they should be as just things that can be traded. An investment is something that can be hold for a long time and only bitcoin has that potential

People nowadays mistook the idea of investing. Investing is mainly done for preserving wealth and is very far from making money or wealth. It just sounds the same but they two are completely different ideals in finance. With Bitcoin's volatility, yes it has a greater advantage compared to other risk assets in terms of value appreciation. On the other hand, it also requires a greater risk of losing money faster.

Crypto indeed is fast phase investment which is also why people most of the time think that investment is just easy money. It isn't. Dealing with investment is such as trading is the hardest way of making easy money.