Assuming the title to be accurate, what is a good way for the working class (90%+ of all humans) to save and succeed in this current environment?

You are viewing a single thread.
View all comments View context
1 point

But also no.

permalink
report
parent
reply
2 points
*

BTC 130% up last 365 days. 10% up last 30 days

But seriously if everybody would use crypto, the up and downs wouldn’t matter. The value/pourcentage is only VS Fiat.

permalink
report
parent
reply
4 points

Newsflash: currencies shouldn’t wildly fluctuate in value. The fact that people use it like a stock market investment, (and an idiotic one at that, since there is no underlying business), is exactly why it has failed to be a currency.

permalink
report
parent
reply
-2 points

It fluctuate vs the Fiat value, not with itsleft. The supply of BTC is determined, not like the printing machines we got now.

permalink
report
parent
reply
0 points
*

What does the term “wildly fluctuate” mean? In 50 years of USD fiat, gold vs USD has gone from 35$ to ~2000$ per ounce. That seems pretty rapid to me, since I can still talk to living people who experienced it

At least BTC has historically gone up, whereas fiat goes down, although only a few years of data for crypto compared to thousands of fiat, so maybe crypto will do the same as well

permalink
report
parent
reply
5 points

yeah, it succeeded in scamming a lot of people for their money

permalink
report
parent
reply

Asklemmy

!asklemmy@lemmy.ml

Create post

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it’s welcome here!

  1. Open-ended question
  2. Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
  3. Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
  4. Not ad nauseam inducing: please make sure it is a question that would be new to most members
  5. An actual topic of discussion

Looking for support?

Looking for a community?

Icon by @Double_A@discuss.tchncs.de

Community stats

  • 9.6K

    Monthly active users

  • 4.9K

    Posts

  • 275K

    Comments