Worried About Your National Currency Losing Value Due to Inflation?
The answer is Bitcoin and Crypto Currency. The method is pretty simple. Take your USD, Euro, Rupee, Yen or any other national currency and exchange it for a Crypto Currency that is deflationary.
Ten years ago I was buying Gold and Silver. That is no longer the case. Unless an unforeseeable cataclysm befalls humanity I will no longer be buying precious metals. We now live off of Bitcoin, save Bitcoin and earn Bitcoin. If you are not in the USA order a Wirex Bitcoin Debit Card.
How to Buy or Earn a Deflationary Crypto Currency Like Bitcoin.
- Peer to Peer- Exchange your fiat currency for Bitcoin by buying them from a friend or someone you know.
- Local Bitcoins- Buy from someone in your local area and meet in person or deposit into their bank account. The Bitcoins are held in Escrow.
- Buy on Exchanges- I will not list the exchanges because I do not condone this method.
- Bitcoin ATM- My favorite method but the fees range greatly.
- Steemit- Write on Steemit.com Exchange your knowledge and time for the possibility of earning Steem which can be held or exchanged to Bitcoin.
- Earn Bitcoin- Work for people that pay with it. This method is just plain awesome but it takes time to find the clients.
- Mining Bitcoin- I am not opening this can of worms. This is more advanced than this post needs to be.
Either that or buy Steem, and then blog about your purchase ;)
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I actually powered up with $250 worth of Steem when I signed up last year. I have not bought any since. I just keep blogging everyday. If people really understood the power of this platform they would never leave.
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Stay they will :)
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I'm fairly new to Steem and just joined yesterday. I'm curious to know how far has the 250.00 went in Steem for you and did it help boost your blogs etc?
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I did it when Steem was $3 each so it did not help much. You are better off writing your way to profit. You do not need to Power Up.
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Lol...
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Check out another view from a professional trader of the precious metals complex moving forward.
Dont forget to upvote :)!
https://steemit.com/silver/@sjovmaiin/gold-silver-and-the-correlation-to-oil-and-the-us-dollar
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Well, I would have invested most of it in Steem a little while ago. Now, with the great rise of many amazing projects on the graphene platform, including Bitshares and the Peerplays token, it is hard to know where I would go first or even second!
Thanks for the great tips, as always. All for one and one for all! Namaste :)
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It's absolutely incredible that we now have an option to the fiat and debt system. Thanks for promoting crypto!
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No problem Levi! It just makes the world a better place. If you are into crystals you should connect with @Sunscape. She has a store on Etsy. https://www.etsy.com/shop/CrystalVibrations06
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It definetely makes the world a better place. I am all about the crystals. I run my own Etsy shop as well :) I will check them out. Thanks for the link!
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Hey Randy, billboard in the picture is insanely cool...
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I am glad you like it!!
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I cannot agree with you more on the devaluation of fiat currency over time. Bitcoin and other crypto-currencies are outside the control of central banks, and cannot be devalued based on political agendas. Thanks for sharing and steem on!
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Nice article! Thank you for posting. We are all worried about retirement and the future in general. However, additional sources of income (like Steemit etc.) sounds like a great idea.
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I appreciate your sharing strategies for buying and earning crypto. Thank you.
And the power of the Steemit platform, once realized by the many, becomes boundless. Steem on
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Now we can shop for our money. Where do you buy your currency? How strange that will seem to numbskulls all over the world.
But sound money is an investment and of course, there is always risk. Nothing ventured, nothing gained.
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If we can shop for everything else we might as well be able to shop for our money as well.
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Great picture and post.
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But but but.... Teachers in school used to tell me inflation was a good thing? And that the US Dollar is king and always will be?
Hahaha!
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Hey Randy, be sure and drop by Barry on his 10K post today - I'm sure your proud of him just like me :)
https://steemit.com/steemit/@barrydutton/some-good-news-steemit-milestones-thanks-i-hit-10-000-posts-finally-lol-a-fun-post-includes-milestone-stats-overview
P.S. We do do with more local BTC-STEEM markets for emerging markets!! I highlighted this as a #growth-ideas to @andrarchy
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Thanks for the tips, Randy!
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I give paper fiat money 5 more years or less before it's worthless...
Just being Frank
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Crypto, it goeth high, it goeth low
Coin createth a wealth ebb & flow
Gold maketh not a man not rich.
But saveth his soul from debt's ditch.
You can have honest, sound money with a Goldmoney account, Randy.
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What do you think about exchanges? I have bought Steem by using Bitcoins transferred from exchange, currently Kraken.
What do you think about Kraken? What do you advise for withdrawing the BTC from the exchange? Which method is the best to storage them?
Thanks
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I don't use Kraken and never will. Take your Bitcoin offline. Learn about cold storage.
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A minor correction... using the original definition of inflation (and increase in the money supply), most cryptocurrencies are actually inflationary. That is, the supply increases -- intentionally -- over time. However, the inflation is controlled by the consensus and mining efforts of the associated community, rather than by the whims of an "independent" (read: politically connected) central bank which fills the pockets of the banks and political elite first.
Also, I'd personally recommend continuing to diversify into some PMs... they're not the hot commodity that cryptos currently are, meaning they're likely undervalued and it's a good time to buy them! Great post though!
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That is why I wrote deflationary crypto currencies, not all crypto currencies. People can do the research and figure out which are the best. I am finished with my PM purchases.
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Fair enough! Thanks again for your post.
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The Steemit option is much better.
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Much better than what?
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I mean of all the options listed :)
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For those that have the time I agree. The average person might not have time to blog but buying crypto with their fiat works great.
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Ah yes. I'd agree.
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All just great, but I do have a little question regarding the title. You announce a secret method to protect your future. Is a good marketing case if you ask me, but where is the secret? Your post is on an open platform, where all that have or not an account can see it so no secret if you have internet :))
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I am not selling anything so I used the "Secret" as click bait. Social Media 101
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Tweeted
https://twitter.com/RandyHilarski/status/861979734955130881
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Disclaimer: I am just a bot trying to be helpful.
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I am new to all this. Thank you for the info!
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https://www.anonibet.com, for gamblers only :). At one's own risk.
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Oh damn nice.
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Thank you for posting this!
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