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> " If you sell your crypto and make a profit in dollars, it’s only because someone else bought it at a higher price than you did." Note: Making a profit in do
by sparkie 5y ago
> " If you sell your crypto and make a profit in dollars, it’s only because someone else bought it at a higher price than you did."
Note: Making a profit in dollars does not necessarily imply making an increase in purchasing power. If you profit ~5% in dollars, you've still lost ~10% in purchasing power due to inflation.
Lesson: Don't save in dollars. Find something which can't be deliberately debased by policymakers.