late on Nostr: The point is holding the value of money, which you likely got in exchange by ...
The point is holding the value of money, which you likely got in exchange by investing your time. So the point is holding the value of your time. You do not want it to slip through your fingers like dollars and euros (fiat money) do. It would kind of make your time less precious.
To avoid losing value of your time, in today's financial world you can't "save" money by holding into it. You must invest. And you must know how to do that or let someone else do that for you (both of which have a cost). Because of inflation, the traditional assets pretty much lose value in the best scenario, too.
Bitcoin is the best performing asset for some time now. You can save money by holding Bitcoin: see, there is no inflation. Plus, you're not probably jumping down the same cliff than e.g. index funds that would plunge in the next catastrophic financial event.
Because I'm lazy, I tend to save in Bitcoin. The point is holding the value of your time.
To avoid losing value of your time, in today's financial world you can't "save" money by holding into it. You must invest. And you must know how to do that or let someone else do that for you (both of which have a cost). Because of inflation, the traditional assets pretty much lose value in the best scenario, too.
Bitcoin is the best performing asset for some time now. You can save money by holding Bitcoin: see, there is no inflation. Plus, you're not probably jumping down the same cliff than e.g. index funds that would plunge in the next catastrophic financial event.
Because I'm lazy, I tend to save in Bitcoin. The point is holding the value of your time.