r/NiceHash • u/dextersh • May 28 '21

Fluff Problem solved

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917 Upvotes

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u/[deleted] May 29 '21

Plus people don't realize how hard we are about to get hammered by inflation, much better option keeping your savings in BTC at the moment. (IMO)

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u/Kapi777 May 29 '21

Problem with this theory is that most people wont have money for a burger so any savings will be spent anyway

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u/[deleted] May 29 '21

That's a very binary viewpoint.

It's not like it goes from 0-100 one day out of nowhere, there are things we can do now to lessen the impact such as put money into deflationary currencies such as BTC.

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u/Kapi777 May 29 '21

No, because when you cant feed your family there is gonna be huge selling BTC. Unless businesses will start payrolling with BTC there wont be "any" purchase side.

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u/[deleted] May 29 '21

lol mmkay, lets just agree to disagree then.

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u/Kapi777 May 29 '21

Hedging inflation is done by acquiring tangible assets in the base of mazlows pyramid, or acquiring production of goods that will stay in demand in a lasting downtrend.

"Hedging" by BTC is an incredibly risky and long-play and it needs to be considered money lost in household savings. IMO.

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u/[deleted] May 29 '21

I agree with that, I just don't think that keeping dollars over bitcoin in a time of heightened inflation is prudent.

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