4 ms·
I just wanted to share a counter example to those saying Bitcoin is a poor savings vehicle. I did something I believed in and happened to get a better result th
by lrvick 4y ago
I just wanted to share a counter example to those saying Bitcoin is a poor savings vehicle. I did something I believed in and happened to get a better result than I ever planned on. I am in it for digital sovereignty, and establishing an alternative to banks and inflationary fiat that is accessible to all. It going up in buying power on average is something I also do not really see as surprising given the deflationary nature, interest, and adoption.
When the traders walk away I will still be using Bitcoin as a way to store and transfer value p2p unless something with similar properties replaces it.
- 1270018080 4y agoIt is a poor savings vehicle. You got lucky. You are confirmation biasing yourself into thinking it's a good savings vehicle. This it tough love and for your long term well being you should acknowledge this.
- lrvick 4y agoI will take storing wealth in a deflationary currency over an inflationary one any day. How many USD savings accounts are outrunning inflation these days?