If you store your earnings in fiat, inflation is stealing from you.

• Do you save your money in the bank?
• Does your rate of return exceed the rate of inflation?
• Why is this important?

In 2022 the reported inflation rate was ~9%.

• That means, if you made $100,000 that year, you lost $9,000 in value! 🤯
• Inflation devalues fiat.
• Inflation is stealing the value of your Fiat money.
• If your rate of return on your cash savings isn't greater then the inflation rate, your losing money because your savings is being devalued faster then it's growing.
• Inflation is theft.

Assets like Bitcoin behave differently

• Bitcoin does not lose value due to inflation, it gains value.
• For the last 12 years it has increased in value, while all Fiat has decreased in value.
• Fiat money is not the problem, inflation is the problem.
• And assets like cryptocurrency are the solution, but you must buy the right cryptocurrency.

https://img.inleo.io/DQmd6YY7uZuRC2xzoE9SVWYR36raLS6thqmysTMhSXH8wqk/1_LAQOWAZCclihO6CNvUaklA.webp

source

Bitcoin is not perfect

• If yu buy Bitcoin today, there's no guarantee it won't go down in prive tomorrow, and if you buy it near the top of a bull market, there's no guarantee it won't go down in prive during the next bear market. But this is a cyclical event, and overtime you should make money, as past performance, while no guarantee, shows it is the best performing asset of the last ten years. So as a form of longterm savings it is currently the best asset in the world to buy.

Bitcoin is expensive, but perhaps you should still buy it?

Unit Bias

Unit Bias is a cognitive bias where we have a tendency to want to complete a unit of a given item or task. Essentially, it's our inclination to finish the whole 'unit' of something, regardless of the size or quantity involved.
source

What is Unit Bias?
Unit bias is a psychological heuristic in behavioral economics, suggesting that individuals perceive a single unit of an item, regardless of its size, as the appropriate amount to consume or use. It is an inclination towards thinking of things in discrete, indivisible units, leading people to believe that a unit is a representative amount, optimal serving size, or appropriate action quantity.
source

Unit Bias and Investments

Unit Bias is a cognitive bias that affects how investors perceive the value of given assets. It refers to the tendency for individuals to prefer owning whole units or a large number of units of an asset rather than fractions or few units, even if both have the same value in absolute terms
source

source

Despite Bitcoins Superior performance over other assets the price of one Bitcoin deters some people from investing

• Despite bitcoin’s digital nature allowing it to be divisible into 100 million units known as satoshis, and despite the fact that you can purchase, mine and take self-custody of those satoshis as you would a full bitcoin, there are still investors who feel that without the ability to hold one full bitcoin, getting into bitcoin is pointless.
  This idea of acquiring one bitcoin has seen many casual investors hold the irrational view that BTC is simply too expensive, which is down to something called unit bias.
  Remember what unit bias is; Unit bias is the tendency for individuals to want to complete a unit of a given item or task. People want to finish whatever portion they have, no matter the size; it is a perception of completion that is satisfying to people.
• So while Bitcoin has been shown to be a very good long term investment, people still think of owning one Bitcoin versus one Satoshi. If they though of Bitcoin in Satoshis they would be able to buy a unit, get past their unit bias and still invest in the best performing asset of the last 10 years.
• This is not investment advice, it's just knowledge.
• My dad use to say: Learn to earn, then Learn not to burn.
• He meant I needed to learn not only how to earn my money, but also learn how not spend it foolishly on things I don't need, and invest it wisely, so it doesn't just disappear and appear to just burn up.
• Inflation is literally burning up your money, as it consumes it's value.

Cryptocurrency

• Cryptocurrency was created in rssponse to the 2005 financial crisis, during which it is widely believed that the manipulation of the US Dollar and markets financially ruined many people.
• Those who bought it for pennies thought it was cheap then, as a unit, but now it seems expensive. But if you adjust the size of the unit, it is cheap again.
• The price of Bitcoin is not the enemy , it's inflation.
• Bitcoin is not to expensive, it's inflation which is expensive, and you are buying inflation when you store your money in the bank as fiat.
• Use fiat to but stuff, then store you excess as an asset.
• BItcoin is a very liquid asset, which is the best performing asset for the last 10 years.
• Learn how to earn, then learn how not to let it burn.

This is the way....

inflation is the problem.

Cryptocurrency is the answer.

This is the way.

@shortsegments

This post was written by @shortsegments . Who has been aa writer on Hive for seven years. You can read other articles written by shortsegments by clicking Here

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• This is all because of the Hive token Leo's integration with Cacaoswap on Maya blockchain, which connects us to Thorswap. In the current time period it allows you to trade Hive for Bitcoin, Ether, USDC and others now. But in the future this infrastructure will allow you to earn those tokens for your content or comments on Hive. This means people from these token communities like the Ethereum community, the Bitcoin community, will be able to earn Bitcoin, Ethereum or stablecoins like USDC.
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