Prices on certain things might increase in the short-term, but it won't be any worse that what we've seen in the past few years. People have already cut back.
Discussion
I agree, but in combination with the broader macro outlook, we could be heading towards much higher inflation very soon.
That's good for those of us who have been stacking. Everything gets cheaper.
Kind of, it depends. It depends how cash flow positive you are. If I don't plan to spend Bitcoin for the next decade, I still have to get fiat raises which keep pace with high inflation. There's also a social element where even if Bitcoin goes to 1M (coming soon), the vultures will be everywhere trying to tax it or steal it.
I reccomend you listed to some Daryll Cooper episodes about what life was like in Weimar or the USSR. We might have a lifeboat, but the seas will not be calm.
I spend and replace my bitcoin. I'm quite happy with bitcoin gains to price increases. For me, everything is going down in price.
Yes this is true. And ultimately if got real bad Bitcoin can be used lol, I just have a very strong phobia of seeing my sat balance go down.
If I want to save a significant amount for my kids and grandkids it is better for me to live as if I don't even have it. High inflation would test that strategy.
I completely understand. I also think if you look at your stack from a dollar-sats parity standpoint, you probably already have enough for the next two generations.
You're completely right. I'm sure my perspective will change a bit around $10M a coin too. It's just way too early to get soft. And if fiat world could not completely implode into shit, that would be really nice.
Orderly, positive, and beneficial. That's what the goal is.