Hello Friends..!
We know that inflation is an “undesirable” economic process that produces a continuous and prolonged rise in the prices of inputs, materials and services, which means that our money loses value and we cannot acquire these
It is also very possible that some of our readers knew the Blockchain and cryptoactives in the need to generate additional income and / or looking for an alternative that allows making some productive investments, since the need to generate economic income and make investments can be found in any of the continents of the planet, like the phenomenon of inflation, and this is not a secret, we can see it every day in the news of each of our countries.
Inflation is like a "virus" that is present in many countries and spreads uncontrollably, so many people seek to protect themselves from this phenomenon
How could we protect ourselves from inflation with cryptoassets?
We are all being affected to a greater or lesser extent by inflation, and we have found in investments in crypto assets an economic “relief” given the level of uncertainty that we currently face worldwide in the socio-economic issue.
Acquiring and maintaining cryptocurrencies is a habit that, being well practiced and managed, represents in a way a measure to protect ourselves from inflation, and this generally works as follows:
1.- Investigate cryptocurrencies that keep their price constant "without falling significantly" as a function of time, so that reflecting a constant value can also reflect very few losses for "the pocket".
2.- Acquire cryptocurrencies such as BTC because although it presents ups and downs in the market, by representing an investment, you can sell it or exchange it for another cryptoactive when its value increases in the market at the most convenient moment.
3.- Acquire and save USDT, for when it is a “stablecoin” and its value will remain fixed (without variations) in the market in relation to other cryptocurrencies in the market.
4.- Diversify investments, you can acquire and save different cryptocurrencies according to your preference and knowledge of their behavior in the market, so that "do not put all your eggs in one basket" and to this we can add that they should also handle different wallets.
In fact, if we investigate a little what "sounds in the networks" and in the news, we will find that the global economic trend tends to tilt "their faith" in cryptocurrencies as a new "asset of great value" already proven.
What do you think of this? Do cryptocurrencies really "have the power" to protect us from inflation? Do you know of any other method or tip that you want to share with us?
If you liked this post, comment and let me know your opinion ..!
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Greetings @tocho2 no doubt in countries like Venezuela the use of cryptocurrencies have been a good way to withstand the inflation of a decaying economic system, valuable aspects you have addressed. Entertaining reading. Success in your work
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Hello @madridbg, The Venezuelan and many citizens of the world have found a solution in cryptocurrencies, I wish that the next resolutions at the government level do not bring a headache in these cases.
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Greetings @tocho2, very good point that you share with us in this post, in my personal opinion cryptocurrencies do help us to cope with inflation, for example in my case I consume everything I receive from my salary in bolivars at once in food or simply invest it in cryptocurrencies and I get a little profit.
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this is a good strategy...!
thanks for commenting
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Definitely for our countries and personal economies, the cryptocurrency has become an important part of the savings of each one, excellent post, which takes us to a reality that few know and few take advantage of,
Thanks for the contribution
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Hello @joseph1956, saving crypto assets has become the best anti-inflation solution for many countries such as Venezuela
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Greetings friend @tocho2, certainly cryptocurrencies have been a lifesaver for many who have seen losing the purchasing power of their legal tender, certainly help us to protect ourselves from inflation, as saving money in stable currencies or investing in BTC is better than saving fiat money in the bank, which devalues very fast.
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Hello @emiliomoron, I think that at least this is the best alternative we have at the moment
Thanks for commenting
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Hi friend @tocho2 I identify a lot with your manuscript, since, I live in a country with a very high inflationary level and without a doubt I can tell you that the crypto market has allowed to mitigate inflation in many households. This year in particular with the rise of several tokens the difference in the quality of life of many people in my country is noticeable.
Friend, from your point of view, what portfolios do you consider safe to have my cryptos well distributed. Have a great weekend.
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Actually, wallet issues are quite delicate because the care that the user had with the passwords and different verification methods greatly influences, at the moment I really like Poloniex and Binance, I am just proving that this is going with Metamax and Trustwallet.
Thanks for commenting
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@tipu curate
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Upvoted 👌 (Mana: 1/5) Get profit votes with @tipU :)
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Congratulations, your post has been upvoted by @scilwa, which is a curating account for @R2cornell's Discord Community. We can also be found on our hive community & peakd as well as on my Discord Server
Felicitaciones, su publication ha sido votado por @scilwa. También puedo ser encontrado en nuestra comunidad de colmena y Peakd así como en mi servidor de discordia
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Greetings
in my opinion, the world of cryptocurrencies is very helpful for people on this earth, for people who understand cryptocurency problems, that's why I chose cryptocurrencies, for good inflation times,
thank you for sharing very useful information.
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Dear @tocho2
I enjoy reading this post a lot. After all, topics related to technology, business, economy etc are at top of my list.
Personaly, I consider Bitcoin to be superior store of value. Kind of like Gold 2.0, but in some way much better (easier to transport, easy access to liquidity, bigger community = more noise).
And I believe, that in times of strong inflation more people will be running away from FIAT based currencies and look for "shelter" in many different assets. Bitcoin will most likely do well, partly because those who buy it are doing it mostly to protect themselfs from inflation. Which is just unfolding.
So this fact alone will be working almost like self-fulfilling prophecy.
Upvoted already :)
Cheers, Piotr
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Thanks a lot Piotr friend..!
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