I found this infographic of fiat vs bitcoin.. The creator of the infographic dubbed it: inflation vs deflation. And there is truth to the picture, although it was intended to be funny.
source: Crypto Buy Signals
As you save fiat currency in banks, the purchasing power of that currency inflates as time passes.
Fiat is tied to US$
Let's face it, almost everything is tied to the US$. My local currency which is the Philippine Peso (PHP) is no exception. There was a time when the US$ 1 = PHP 23.. Nowadays it is averaging PHP 50.
The purchasing power my currency is as seen on the infographic above. As time goes, only pieces of the original shopping basket can be bought.
So the infographic is a sad but true fact.
Cryptocurrency tied to BTC
I really don't mind that crypto is tied to the BTC. It is pretty much like the US$ of crypto. So far no crypto is close to freeing itself from bitcoin.
The early adopters of bitcoin are now millionaires, even billionaires. Again, the infographic is a fit. But it is not yet too late for everyone to jump in.
So, what is your bitcoin experience so far? What things have you bought with your bitcoins?
If you like this post, you know what to do.
Support:
- Bitcoin (BTC) - 3Kyjg1Wj1PNGN3KhiRprxYvvQpdjC5kT3k
- Etherium (ETH) - 0x5F168F895C63ccC5FbEf921047bc2b63f6780c3F
- SmartCash - SbgqBUuGBVaaFERmc5zPn8XStxXe7vE1SL
With BTC price predictions to $4300 USD lvls it doesn‘t look good for your mall in 2020... 😂
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LoL.. i don't own anything close to 1BTC so having a mall is eons away. i consider myself a latecomer to the cryptoworld.
owned ~0.5BTC way back and didn't consider it anything of value.. looking back, that was a huge mistake!
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In the next few years bitcoin would become more popular and by then the price might have reached 30000$ or more
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👍
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register
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Hi @jhaniz, you have passed our validation. To finalize your registration go to the following url and grant @Upvotebank access to use your vote - https://steemconnect.com/authorize/@upvotebank?scope=vote
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@dillagr has set 0.250 SBD bounty on this post!
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by dillagr from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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This post has received a 0.03 % upvote from @drotto thanks to: @dillagr.
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Good funny photo .
Now everyone know bitcoin is the future coin. But it is not easy to collect bitcoin now, because it is soooo much expensive 😓
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You don‘t need to buy a whole bitcoin you can still invest small amounts. Percentage vise you will have the same profit.
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Hello friend
I like to start a mini picture story serial.
Click 👇 here and post your suggestions
https://steemit.com/picture/@abimp/shadow-police-picture-story-introduction
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How Cool!
You got a 1.89% upvote from @coolbot courtesy of @dillagr!
Help us grow, delegate today!
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@djimirji up!
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That is a very clever.
You may have to be satisfied with a rented lot inside the mall for your 1 bitcoin instead of owning the whole place but that's still an impressive feat for something many gave no chance of having any significant value.
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