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RE: Living Off Your Yield Instead Of Your Principle

in LeoFinance4 years ago

Oh, rates aren't very high; you get about 3%, but I mean, that's far better than other countries, but we must also factor in inflation, so its a bit of a nothing burger. I have local stocks too that pay dividends but inflation will kill that before I can do much with it, so I just convert that into Bitcoin.

Maybe I'm not a good researcher but I can't find anything else that's working better than Bitcoin

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I see, so you have the same conditions as here, where bank interest rates are below inflation, so parking our money there means we lose buying power.

And in regards to finding something with a better track record then BTC over the last ten years, many of have tried and failed... :)

BTC seems to be the winner.

Posted Using LeoFinance Beta

I'm glad Im, not the only one seeing that; lol I hate to miss out on a good trade, I think these other coin projects are being dishonest and are riding the wave that Bitcoin provides us and providing very little value. I am very critical of the crypto market, not because I hate it but because I've seen so many projects fail and make the entire space look bad