annsofinovelist on Nostr: Thanks for explaining. Sounds like the things I've been picking up from hearing what ...
Thanks for explaining. Sounds like the things I've been picking up from hearing what my husband listens to, and talks about 😇
My own thoughts were that saving previously wasn't good because inflation would eat it up, but because of Bitcoin, we can now save and actually see how fiat inflates away, allowing us to actually have a stronger buying power by saving in bitcoin, rather than investing in really anything, as all of those things are based on fiat, plus houses can get damaged, and companies can go bankrupt, making investments risky on two levels.
Bitcoin, on the other hand, is solid, stable, and salable, and moves almost faster than phone notifications at times!
I know it goes up and down compared to fiat, but it's still stable, because as long as I don't sell it, my sats are still my sats, and a momentary dip doesn't mean much in the long run! Whereas with anyone who invests, if it dips too low, they're inclined to sell or lose everything as the asset that's backing it is potentially not good anymore. but we all know bitcoin is a safe bet regardless of how many dollars I need to pay to get some!
My own thoughts were that saving previously wasn't good because inflation would eat it up, but because of Bitcoin, we can now save and actually see how fiat inflates away, allowing us to actually have a stronger buying power by saving in bitcoin, rather than investing in really anything, as all of those things are based on fiat, plus houses can get damaged, and companies can go bankrupt, making investments risky on two levels.
Bitcoin, on the other hand, is solid, stable, and salable, and moves almost faster than phone notifications at times!
I know it goes up and down compared to fiat, but it's still stable, because as long as I don't sell it, my sats are still my sats, and a momentary dip doesn't mean much in the long run! Whereas with anyone who invests, if it dips too low, they're inclined to sell or lose everything as the asset that's backing it is potentially not good anymore. but we all know bitcoin is a safe bet regardless of how many dollars I need to pay to get some!