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Wrong - Savings accounts, treasury bills, and CDs are all ways to invest dollars and make returns in kind. The dollar itself though will not appreciate, it wil
by trixie_ 4y ago
Wrong - Savings accounts, treasury bills, and CDs are all ways to invest dollars and make returns in kind.
The dollar itself though will not appreciate, it will continue to deflate due to unstoppable money printing.
Bitcoin doesn't have this problem, so you can hold it and long term there is a good chance it will appreciate. Again, the dollar has zero chance.
- Nursie 4y agoSavings accounts are for short-term liquid ... savings. You only keep in those what you need in the forseeable. None of these is "investing in dollars" though. You're not just holding dollars and hoping the value will go up, because literally nobody does that. By design. If you want money to grow you invest it in productive assets. Unless you're into cryptocurrency when you gamble it on group psychology and dickbutt jpegs like 3AC did. > Bitcoin doesn't have this problem You haven't described a problem.
- trixie_ 4y agoI can play semantics too. Like you're not really 'investing' when you buy a stock, you just bought a share from someone else. Your hurr crypto bad because NFTs and 3AC is basic association fallacy. The problem is the dollar will not appreciate, bitcoin will, whether you like it or not.