A well decentralized Bitcoin can be a good hedge against hyper inflation. Afterall that's part of what the deflationary feature is meant to protect against. I will however recommend holding long-term.
If a crypto project starts to getting centralized/opaque, I wouldn't recommend using it long-term as hedge.
I agree with you, but now it is quite difficult to find decentralized projects.
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Re: Tanzania's president is now calling for Bitcoin and crypto adoption
by
lifeforcepools
on 17/06/2021, 13:27:50 UTC
We will support any country that wants to adopt crypto.
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Re: Why do you say that some people will never be able to make money with Bitcoin?
by
lifeforcepools
on 17/06/2021, 13:25:02 UTC
Everyone can, and there's really no problem with that.
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Re: Bitcoin and The Countercyclical Fiscal Policy
by
lifeforcepools
on 16/06/2021, 13:35:17 UTC
I don't think we'll be able to break out of this cycle.
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Re: There's no lottery ticket in Bitcoin, it's a savings account
by
lifeforcepools
on 16/06/2021, 13:34:16 UTC
Crypto trading is not a lottery, it is an honest job where you are the boss.
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Re: Comparison of buying a cup of coffee with crypto
by
lifeforcepools
on 16/06/2021, 13:32:59 UTC
Now, in fact, buying crypto is as easy as buying coffee. And the crypto menu is extensive.
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Re: Bitcoin as a legal tender - The next great filter?
by
lifeforcepools
on 15/06/2021, 13:45:43 UTC
Perhaps it is. But I'm afraid that governments will not support this idea.
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Re: Elon Musk: Tesla Will Start Accepting Bitcoin For Payments Again
by
lifeforcepools
on 15/06/2021, 13:40:40 UTC
Well, I was pretty sure that Musk would do it again.
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Re: Was it impossible to send less than 0.01btc before Bitcoin version 0.3.21?
by
lifeforcepools
on 15/06/2021, 13:39:55 UTC
I'm not sure, but I don't think there was such a problem.
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Re: Is it true that this cryptocurrency/bitcoin boom poses a threat to Earth.
by
lifeforcepools
on 14/06/2021, 06:41:58 UTC
There is no threat really. Cryptocurrencies have improved our lives.
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Re: Elon Musk: Tesla Will Start Accepting Bitcoin For Payments Again
by
lifeforcepools
on 14/06/2021, 06:40:34 UTC
Why is he doing this? After all, such actions affect the price and spoil the lives of many people. Soon he will change his mind again.