Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Dear Banks, Please Keep Printing More Money. (LOL)
by
hero_the_bossman
on 10/06/2025, 11:41:28 UTC
⭐ Merited by vapourminer (1)
A similar situation with Nigeria Naira when the government decided to print launch new Naira notes even in larger quantities of different denominations. A situation that led to the devaluation of the naira to the dollar from around #460 equally to $1 to about #2000 equalling to $1 between 2022 to 2023 (though currently it fluctuates between#1500/1600 to 1 USD). Leading to a hyperinflation in the country that till date people are still finding it difficult to navigate their way around to survive the harsh economic situations of increasing prices of goods/services the government decision of printing excess new more notes caused.

When it goes to such an extent - it's a disaster.

I also remember a thread regarding the Naira itself, as I remember, that it wouldn't be profitable to buy BTC via DCA due to that exact reason - it would be less and less viable as an option..