4 ms·
Inflation resistance is meaningless for a currency that has wild fluctuations, and not just sometimes, but on a daily basis. You have to be joking to say that s
by mym1990 4y ago
Inflation resistance is meaningless for a currency that has wild fluctuations, and not just sometimes, but on a daily basis. You have to be joking to say that something that went from basically 0, to 61k, down to 16k and wild swings in between that is "inflation resistant".
- lrvick 4y agoNot joking at all. Inflation hits you the most in the long term. If you acquire deflationary but volatile assets like Bitcoin for long term holding, you use dollar cost averaging so the swings become meaningless. Buy a little every month. I was buying at $10, $1k, $10k, $60k, and everywhere between. I will be buying at 100k too. Deflationary assets trend to be short term volatile, but long term up. https://inv.riverside.rocks/watch?v=XbZ8zDpX2Mg https://inv.riverside.rocks/watch?v=XbZ8zDpX2Mg