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You mention problems with the current situation but you don't really explain how Bitcoin solves these problems. E.g. an asset that varies so much in real terms
by hiq 5y ago
You mention problems with the current situation but you don't really explain how Bitcoin solves these problems. E.g. an asset that varies so much in real terms is not a solution to people losing their savings over inflation.
> when you are faced with accepting a currency that is losing 10-20% of its purchasing power every year, or accepting Bitcoin, eventually people will understand that Bitcoin is the better money.
How can this be a better money with such a volatility? Over the last three months, it looks like the minimum rate was 35kUSD/BTC and the maximum 50kUSD/BTC[0]. If you buy at the wrong time you can easily lose way more than 20% in way less than a year. Looking for articles about BTC volatility, it also doesn't seem to be going down.
Very practically speaking, in most countries, I'd see people buying real estate before they buy BTC to protect themselves against inflation.
0: https://coinmarketcap.com/currencies/bitcoin/ https://coinmarketcap.com/currencies/bitcoin/