debit card payment in my bank is free and instant
my money is safe, protected by jews and i can never ever lose access to it as long as i am myself
also my money never loses or gains value, i am sure that if i pay 100 of my country monies now, it will be worth similiar amount of goods 1 year from now, or even 10 years from now
now tell me
WHY THE FUCK WOULD ANYONE EVER USE SOME SHADY CRYPTOCURRENCY THAT IS WORTH 10$ ONE DAY AND 2$ NEXT DAY AS A PAYMENT AND MONEY STORAGE METHOD?
Well, we all speculate with it, no one seriously uses this stuff for what it is intended.
>money never loses value
what did he mean by this?
>What is inflation?
nigger, if i have 10,000$ i am sure that if i hold it, it still will be worth much 50 years from now
enjoy having your money in some crypto"currency" that loses 20% of it's value on daily basis when someone posts
>muh nigerian hackers hacked dem bitcoins!!!!
Shhh....If you listen closely, you can hear the sound of brainlets head's exploding
Sure you will still have $10,000 but the purchasing power of that $10,000 will lose a lot more than 20% in 50 years. Just look at the pic I posted above.
>Purchasing power of $1 in 1913 = $1.00
>Purchasing power of $1 in 1963 = $0.33
>Purchasing power of $1 in 2013 = $0.05
In 50 years your 10k will be worth very little
Equities, index funds and emerging ETFs exist. Why would anyone with a brain let their money depreciate?
Now look up, how much you got per hour of work.
>nigger, if i have 10,000$ i am sure that if i hold it, it still will be worth much 50 years from now
holy shit you are retarded
I am sure glad that retards like you won't make it when BTC goes to 100k in 2021 because you don't understand the difference between an inflationary currency (fiat) and a deflationary hard asset (bitcoin)
Volatility decreases with mass adoption.
The question is, do you want to get in on it with all the other normies when it's in everyday use or become an early adopter with an amount you're willing to lose and make money.
You're retarded, real wage growth has been stagnating since the 1970s
Does not make the single diagram of any less retarded, because the diagram of yours is what tells us what the actual problem is.
Purchasing power of fiat goes down long term. Wages go down long term
Why the FUCK would you want to hold fiat long term? Do you hate yourself and money? Crypto is one of the few things that will save you from a lifetime of Bernankified debt-fueled wage slavery.
Both are the problem.
Feds keep printing unlimited money inflating the fuck out of it while wages stay stagnant which means the average wagecuck gets double fucked
>Why the FUCK would you want to hold fiat long term
Who the hell said you should hold fiat?
Stocks, bonds, venture capital, real estate - the world is full of investment opportunities, you just need to have at least half a brain to invest into them.
The problem with the stagnating purchasing power is actually (among others), that the society becomes more and more impermeable, socially as well as financially, creating a modern form of feudalism.
So why not hedge 10% of your portfolio into crypto? Especially since it's an asset that's highly non-correlated with stocks, bonds, (at least over the long term, not sure about recently)
Did you not read the thread user? Fucking OP thinks holding fiat long term is a good idea.
>What is inflation
I tend to separate speculative adventures (crypto) from my investment portfolio. Also: the higher the risk, the worse high-risk assets usually perform. Take e.g. pennystocks - easily the worst performance in every crisis in history.
I pointed out that your diagram in is retarded and represents the problem in a misleading way.
That doesn't change anything genius, user is talking about hoarding his paper money, not earning more.
See