The Simple Way Ordinary People Can Use Bitcoin to Stay Ahead of Inflation

[Mate2237]

• Liquidity: Liquidity coins exist when you need money to pay some bills or urgent things. Having some of your money in the backs of the stablecoins and your Bitcoin develops would help you rest easily.
  

I don't pay bills or settle emergencies with stablecoins, so i hodl my emergency funds in my fiat currency and i do not hodl any stablecoins. I actually do not like to hodl stablecoins for the long term because of obvious reasons, and when i use them it is for immediate use. Bitcoin is a great way to stay ahead of inflation, and it will continue that way, particularly with how governments keep on printing fiat currencies, while bitcoin has a capped supply and its demand is ever increasing.

Bitcoin is an hedge against inflation so any one who is really thinking about a way out of the current inflation then such a person should consider investing in Bitcoin because Bitcoin growth rate is one thing that can be used to beat inflation in any part of the world



Bitcoin has offered financial freedom to as many that has keyed into it because Bitcoin is a force that is bringing about a financial revolution in the life of many that has seen it potentials

[lionheart78]

I would love to ask you all: how do you as an individual use Bitcoin to safeguard your own savings, or purchasing power? Do you have any innovative things you have done that are more than simply holding long term?

I found people safeguard their own savings and even their property from inflation by converting them to Bitcoin and holding them.  Probably to be converted back to cash at their own target time.  I believe this is the simplest but the hardest way for ordinary people to use Bicoin as hedge against inflation

[STT]

Liquidity in FIAT for FIAT bills makes sense but also that because FIAT constantly loses money it also hopefully a thing now for people to keep some of their saved value in Bitcoin longer term.
  Its hard to do as BTC will sell off at times and so the capital does truely have to be spare long term and alot of people spend everything they have spare and then borrow more, its a rarity to allocate value long term and not be using it on bills like housing.

[Sticky Bomb]

• Smart Spending: Whether it is by making small payments or in the form of remittances, the use of bitcoin makes you comfortable in using the currency. You begin treating it as the actual money, not only as an investment.
  

Be aware that bitcoin is a volatile asset and leaving funds you would be needing soon there may see those  funds reduce in value if there is a negative price correction as at the time you need to utilize them. I prefer having them in stable coins or even fiat since it would be put to use pretty soon.

• Mental Discipline: This is the most difficult, not to be hyped or panicked. Moving to follow the high price, or take a sell, at the low, seems easy. Introduce specific guidelines that determine when to purchase, hold or sell small parts will keep your plan in line.
  

If you can discipline yourself not to sell small parts but live on your sources of income for a longer period of time while you allow the compounding effect onf bitcoin price appreciation on your investment, you would surely be better off. If you had an accumulation target before setting out on your bitcoin accumulation_{which you should have so as to be more success focused} You would see that selling parts draw you back from achieving such targets since your focus would be on quantity and not the market valuation at any instant.

[Y3shot]

• Monthly Allocation: Just buy a little bit of your income, say 5 to 10 percent and always convert it to Bitcoin. In the long-term this develops a buffer to inflation without affecting your day-to-day expenditure.
  

If every Monthly Allocation will be spent for the month, I don't think converting it to Bitcoin will really make any significant impact. Another thing you need to understand about the Monthly Allocation that will be spent for the month is that Bitcoin is a volatile asset, and the price can also drop, which will affect the Monthly Allocation converted to Bitcoin.

If it is an allocation of money that won't be spent soon, then I think it would be a good idea to convert it to Bitcoin because the inflation rate is very high and the movement is becoming increasingly serious daily. Instead, money kept in fiat is better off placed in Bitcoin, but for me, if it is money I will use within 1 to 3 weeks, I don't see any reason to keep it in Bitcoin.

Bitcoin is a long-term investment, and for those who have some money to save for the future, there is no need to keep it in the bank. To avoid the effects of inflation, it is best to store it in Bitcoin because Bitcoin is a good store of value.

[justdimin]

With how it goes nowadays, most people will not just spend the Bitcoin that they own because whether we like it or not, the majority holds Bitcoin because it's treated as an investment, a store of value and that's why we like to hold it. While no one is stopping us from using it as an actual payment, even in the forum, it's used as payment for campaigns and other services. So, with that usage, we can see that it's being utilized well and all of us are using it the way it's designed but we're choosing what we think is beneficial for us since it's got a limited supply which makes it more valuable in the near future.

It is actually used quite a lot as currency too, it's just that the number is so tiny compared to amount we invest, people think we do not use it. When you have trillions go into bitcoin, then just a few ten billion spent on each other, like a currency, looks tiny.

It is something we have to accept, bitcoin became a currency and we have to accept that, it is not going to change anytime soon. We are going to face this as a reality and we can't really consider it changing any other way. I know this will not be that complicated, for a while we are going to realize this is okay, but we have to accept it the way it is at the moment and not focus on anything else. If we do that, then we are going to see this changing for the long term.

[dezoel]

Monthly allocation is one of the hardest thing to do unfortunately, and that is causing a lot of trouble for a lot of people. We need to realize not everyone makes a lot of income, and because of that, we are dealing with a lot worse at the moment.

We should seriously consider how people are making a lot of money if we could handle all of this with it. That is the most problem situation, we can't do this at the moment, so we need to get it a lot better result with it. That is the reason monthly allocation is not a thing for the time being the best situation. If we can handle all of it, then we can make this a lot better, so we can't really consider this as a way to get the result we are facing at the moment, that's important.

[WillyAp]

There is no simple way to make people use Bitcoin.
1.st they need to buy it. Reality shows that John Doe gets into trouble with his bank when trying to purchase crypto.
2.nd there is the hurdle to manipulate a wallet. Some wallets protect their assets better than any bank.

[hyudien]

Monthly allocation is one of the hardest thing to do unfortunately, and that is causing a lot of trouble for a lot of people. We need to realize not everyone makes a lot of income, and because of that, we are dealing with a lot worse at the moment.

We should seriously consider how people are making a lot of money if we could handle all of this with it. That is the most problem situation, we can't do this at the moment, so we need to get it a lot better result with it. That is the reason monthly allocation is not a thing for the time being the best situation. If we can handle all of it, then we can make this a lot better, so we can't really consider this as a way to get the result we are facing at the moment, that's important.

Yes, that's the fact that currently most people have difficulty allocating their money every month to accumulate bitcoin, it doesn't mean they are not capable enough but the current situation is quite worrying where prices continue to rise because fiat is slowly losing its value without being accompanied by increasing income, not to mention having to set aside some in an emergency fund so that investments run well, but actually if there is a strong intention and mentality to invest then this will not be too disturbing, I believe that everyone who has a job with a monthly income or those who are just part-time workers even though they don't earn a lot if they have the mentality can definitely set aside a little to accumulate bitcoin, The difference only lies in time, those with standard income will take longer to benefit from bitcoin.