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Scraped on 04/08/2025, 09:03:21 UTC
So I’m curious, do we have anyone here from such countries, like Venezuela or Argentina? How do you see this possibility? Would you consider gambling an escape from inflation, or does it only make the situation worse in the long run?
You can not use gambling to escape inflation, that is not possible. If you want to save your money to escape inflation, it is better you output your money in assets of increasing value like gold and bitcoin. BitBut if you want to use bitcoin, make sure you do it during bear market. You can also hold some money in stable coin after a significant bull market and use the stable coin to buy bitcoin during a significant bear market.
Original archived Re: When gambling has better odds than holding your local currency
Scraped on 04/08/2025, 08:59:02 UTC
So I’m curious, do we have anyone here from such countries, like Venezuela or Argentina? How do you see this possibility? Would you consider gambling an escape from inflation, or does it only make the situation worse in the long run?
You can not use gambling to escape inflation, that is not possible. If you want to save your money to escape inflation, it is better you out your money in assets of increasing value like gold and bitcoin. Bit if you want to use bitcoin, make sure you do it during bear market. You can also hold some money in stable coin after a significant bull market and use the stable coin to buy bitcoin during a significant bear market.