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If you are a serious miner of #bitcoin, you may have to sell
a portion to recoup the price of equipment.
you have to pay for electricity, etc..
Maybe you are smart enough
to hold it on stable coins to avoid the whole fiat dilemma.
If you are holding all your investment in fiat, you have to do
very good to keep up with inflation.
Either way you have to do something about it.
Knowing the capacity of crypto, I heard one percent of asset
should be in crypto.
Since inflation is part of life how do you deal with it?
Dollar inflation is not simple to break apart knowing where it comes from.
FED decides how the dollar behaves. It will be the same for your respective country.
You hold the dollar, they are printing more to control the market.
You are in a battle to earn more to save above water.
Inflation any sort makes unworthy whatever sum you have.
The only way to beat inflation in fiat currency,
you need to have more money.
Other terms according to investopedia
Best way to understand the inflation of the dollar if the amount you need
to purchase a bitcoin.
It was then a February 9th the parity of a dollar were ever to one bitcoin.
On the other hand bitcoin is somehow immune to the same inflation as fiat money.
One attribute is the fact there is always ever 21,000,000.00 bitcoin ever produce by mining.
Most of the early bitcoins mined may be lost forever, making an umbrella for those bitcoins never
to change hands or losing value.
Bitcoin holders control the value of it.
Bitcoin will always have advantage over fiat currency.
No matter what we do the price of bitcoin will skyrocket.
Holding bitcoin is a good method to fight price swing.
WHY ?
It will always goes up in value due to it limited amount.
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Just on Coinbase alone the tendency is 64% buy vs 36% sell.
More people are holding their #btc instead of selling.
The privacy/ transparency helps bitcoin to grow instead of depreciate like fiat.
Control is the key.
The halving in May makes it very interesting.
Less mining bitcoin to sell, price will jump.
So far we need the dollar for everyday business.
Best thing to do, put some on crypto to fight inflation.
It is called diversification.
You should get some bitcoin along the way before it jumps higher.
Till now let us see how long $10k a bitcoin will last.
Stay tuned!
Posted via Steemleo
