What do you guys think about this? Would this be helpful? And what do you think will help us in this time of economic hardship?
Yes what you said can save yourself from inflation. Avoid living a life of luxury if you are in the grip of inflation. Inflation has increased a lot in our country at present. Due to the rise in inflation, the prices of food items have gone up, making it difficult for the common man to live. So I am currently trying to do a part time job along with the job. I currently spend less than I earn, don't spend unnecessarily. We must save for the future, so I don't put money in the bank to save, because money loses value due to inflation. I invest my savings in bitcoins, which will benefit me a lot in the future.
In the long run, investing in bitcoin will definitely not disappoint you because the value of bitcoin still has a chance to increase. But I want to ask, if you don't have any savings in the bank, how will you deal with an emergency? For example, you bought bitcoin for $73k and now bitcoin is trading at $65k, do you sell bitcoin and accept the loss? And according to you, in just 2 weeks bitcoin has lost more than 10% of its value, so compared to monetary inflation, which will cause greater damage in the short term? Not having savings is really something that needs to be reconsidered because bitcoin doesn't always increase in price to get you more money.