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Replying to Avatar Joey

#asknostr #btc #bitcoin

How to live in an inflationary environment?

I am trying to figure this one out for myself.

I know that bitcoin preserves my wealth/value. But this means, the current value I save, I will have later.

But buying bitcoin does not solve the problem that the buying power of salary is also decreasing. Meaning that this year's yearly salary will buy me less stuff, than my previous yearly salary. I have to basically work hard to get as much salary increase at the end of the year to match my buying power to last year's. If possible...

Also I will be able to buy less bitcoin with it.

My current opinion is, prone to change, that I shall buy bitcoin continously, and if I spend later enough my btc, that I bought previously, it will even out my salary inflation decrease, or even make me at a better position.

What do you think? What is your take?

#plebchain #coffeechain

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DGM187 1y ago

Bitcoin's ROI over the last decade has been 1.23 Orders of Magnitude more than the ROI of the S&P500 Index. That's how it is a hedge against fiat-denominated currencies like the USD.

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Joey 1y ago

Thank you! 💜 Unfortunately, I don't see how what you explain solves the problem of salary inflation. Could you explain?

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