RE: Inflation Took Your Money! I Have a Secret Method to Protect Your Financial Future.

You are viewing a single comment's thread from:

Inflation Took Your Money! I Have a Secret Method to Protect Your Financial Future.

in bitcoin •  8 years ago 

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!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

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.

Fair enough! Thanks again for your post.