On a long timeline, fiat has only one way to go. Down.
The unit of account for a bankrupt nation will always be wiped away.
You are viewing a single comment's thread from:
On a long timeline, fiat has only one way to go. Down.
The unit of account for a bankrupt nation will always be wiped away.
That doesn't really help me much
Well, I gave you a rather indisputable reason why you should buy crypto over fiat. It's kind of the main reason.
Fiat has no more intrinsic value than crypto does, it's all the eyes of the market. Hold Fiat if you think countries will balance their books, stop waging war, tax and spend responsibly, and other hippie unlikelihoods.
That and there are still a lot of people that haven't heard of Bitcoin, so we are pretty darn far from a "real" bubble. Not that we couldn't drop 75% one day and double the next.
Spoken from a true wiseman 😀
I hear you, and understand where you are coming from a lot better now!
have you done anything with crypto yet? The thing is, you don't have to invest huge amounts to get ahead. I started out with 30 euro and turned this into 600 in 2 weeks! That was my week income of 300 a week. After that I invested another 200 and all together that and the initial 30 made me about 1500. I hold a few coins that I think are going places, so not really taking money out and I spent some of those coins buying sp. Not a lot, but that's ok, there's still time for that. I love it so much (crypto and steemit) that I now decided to teach people in my area about it. Not for money, but to help people step out of the matrix. I hope you'll find your way, I'm sure you will if you set your mind to it. For me, steemit has changed me in a good way. It's addictive and the last two months I've been moving house and settling into the new place, I couldn't do much work on steemit. I thought I was going to lose it! But now I know that things will settle down soon and I will have more time to work on this. I'm sure you can do it too :) Much luck to you. The community here is awesome, so that alone is a plus.
Thanks for the advice. I haven't done anything with my own fiat currency into crypto. I won some whaleshare and am thinking about using that to invest in other coins. I haven't yet, i just need to do it. Pull the trigger to on it and stop waiting around for it.