BTC India
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I read a lot online from banks going bankrupt, US Dollar being worthless and the capitalistic world diving into Great Depression with hyperinflation. What effects the US will eventually effect Europe so me too (from Germany). I feel like I should buy a load of Bitcoin to safe the worth of my money but am not sure yet
What’s your thoughts on this? I should do some research for sure
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View Reddit by Fantastic-Eagle1888 – View Source
Read some of Balaji’s stuff on Twitter. If I had any fiat money left I’d swap them to btc. But then again, I’m biased.
Panic. Nothing will happen in the short term, but there is money printed and bank bailed out, so we don‘t have a Lehman Brothers Part 2
Buy BTC how much you like, but only what you can effort. We won‘t see a hyperinflation (your bread won‘t be 1 Mio. €) , but we will see some downtrending years for sure. The time of free money is over, the companies found a way to maximize their gains (100% price spikes and pointing finger at putin, crying and dry those tears with paper bills), they will be safe. Better lay down some staff and cry more, but they won‘t go broke.
The saying is buy when others panic. But this is for shares, nobody knows what BTC will do, and it certainly won‘t matter. When we get hyperinflation 1 BTC can be worth a billion €, but then your bread will cost 500k.
Bitcoin is the new superior form of money.
Money is one of the most important inventions of all time.
Throughout history, people have always migrated to use the superior form of money available to them at that time.
What Bitcoin IS (6 min):
https://youtu.be/HzxKs-Jd0H4
Intro: The Trust Machine (22 min):
https://www.youtube.com/watch?v=ZKwqNgG-Sv4
*Hidden Secrets of Money*:
https://youtu.be/Vk7P119QcRc?t=728
Saylor Explains:
https://www.reddit.com/r/Bitcoin/comments/s54g8x/send_this_to_your_contacts_interested_in_bitcoin/
S. Ammous w/ Lex Fridman (What is money?):
https://www.youtube.com/watch?v=gp4U5aH_T6A
I suggest these would help you:
Mises Institute: https://www.youtube.com/@misesmedia
Andreas Antonopoulos: https://www.youtube.com/@aantonop
My concern about the EU is that interest rates have been much much lower than in the USA. That means that inflation should be higher and corporate debt should also be higher. Maybe the EU has an edge in certain fields but we will see what will happen in the next recession.
Spend what you can afford to lose on BTC(or any investment). No one really knows what it will do. Until BTC becomes the purist idea of the new money, it’s an investment.
I’m hoping BTC takes off and becomes everything the idealists want it to.
Realistically I think not enough people care for that to actually occur. Until it does, it’s an investment option.
Yep
There is inflation going on in the US. Is this enough to put your life’s savings into BTC. I say no, because BTC is still volatile so you can see your life’s savings take a 50% beating in one day.
Even if the US dollar goes through inflation we still have a lot of military influence throughout the world and that keeps the US dollar valuable. It’s too early to tell if the US will go through hyper inflation.
Some short sellers had to close their positions in BTC that’s why there’s a sudden increase in price. It’s possible that BTC may go back down in value if a depression happens. People tend to cash out during depression because they the cash for emergencies and what not. That’s the purpose of a savings.