MultiversX Tracker is Live!

Say what you want about crypto's volatility, but in today's world of inflation and poorer getting poorer, it may still be the best chance we got

All Cryptocurrencies

by COINS NEWS 244 Views

Say what you want about crypto's volatility, but in today's world of inflation and poorer getting poorer, it may still be the best chance we got

I don't really need to lecture anyone about the rising prices of goods.

Inflation is nothing new. And it's only getting worse with the aftermath of covid.

But now we also have to deal with housing prices getting out of control with the lumber shortage.

And many goods have accelerated their rise in price from the issues of supply chains. Like anything that has a chip in it. Including cars.

While unemployment is going down, down from a ridiculous high, it's still mostly low paying jobs.

Mostly jobs where typically half, or even most of your wage goes directly into your rent. Good luck ever buying your own house. Even college educated people are filling those jobs.

As volatile as crypto might be, if you look in the long run, anyone who has held through the volatility has come out on top, and on top of inflation.

https://preview.redd.it/3ac238w52h071.png?1600&format=png&auto=webp&s=3d216f6252e60a601b5e040d2fc50e000465c067

And it doesn't look like it's gonna stop yet. It even has a stock to flow similar to gold, and can store its value really well in the long run. Thanks in part to its scarcity.

I've been in crypto for over 8 years. And I have been through crashes like we have now. I have been through the bear winters. But I have come out on top each time, and still managed to beat inflation despite all that.

Bitcoin has those 4 years halving. It's built in. It's a unique cyclical function that you don't see in gold, or bonds, or the stock market. Even people who bought a top, if they held through those cycles, have come out higher.

In a world where it gets harder to stay above inflation. Where you are essentially getting a pay cut every year when you don't get a raise. Where upward mobility is increasingly difficult. Crypto may just be the only thing we can rely on anymore.

Crypto doesn't discriminate. It's not something for just the rich. It doesn't have restrictions. It just requires you to keep a cool head. Even someone in a developing country can benefit from crypto.

At the end of day, crypto provides opportunity.

And if it might be volatile in the short run. But keep in mind that there are no good or bad price action in a market. There is just opportunity. And chaos can provide more opportunity.

submitted by /u/fan_of_hakiksexydays
[link] [comments]

Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments