02-07-2022, 11:24 PM
Inflation is fucking over people’s lives and they don’t even know it. Crypto hel
<!-- SC_OFF --><div class="md"><p>7% inflation rate in 2021 (USA).</p> <p>That means if you had $100,000 in your bank, you’ve lost $7,000! </p> <p>Countries like the US are still lucky with “just” 7%. </p> <p>For example turkey had an inflation rate of 40%! People lost almost half of their money!</p> <p>Other countries like Venezuela have also suffered the same destruction.</p> <p>Governments and Central organizations printing money at an extreme rate makes your money worth less day by day.</p> <p>That’s where crypto comes in, decentralization is key and also Bitcoin is great for just having 21 million of it ever. </p> <p>And in other decentralized crypto someone can’t just “print” out $1b. </p> <p>If you are in a country that’s suffering with extreme inflation, investing is gonna help a lot.</p> <p>Don’t just invest in crypto, but also invest in other traditional markets to keep your money as safe as possible!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/SoonMoonn"> /u/SoonMoonn </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/smxe5j/inflation_is_fucking_over_peoples_lives_and_they/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/smxe5j/inflation_is_fucking_over_peoples_lives_and_they/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>7% inflation rate in 2021 (USA).</p> <p>That means if you had $100,000 in your bank, you’ve lost $7,000! </p> <p>Countries like the US are still lucky with “just” 7%. </p> <p>For example turkey had an inflation rate of 40%! People lost almost half of their money!</p> <p>Other countries like Venezuela have also suffered the same destruction.</p> <p>Governments and Central organizations printing money at an extreme rate makes your money worth less day by day.</p> <p>That’s where crypto comes in, decentralization is key and also Bitcoin is great for just having 21 million of it ever. </p> <p>And in other decentralized crypto someone can’t just “print” out $1b. </p> <p>If you are in a country that’s suffering with extreme inflation, investing is gonna help a lot.</p> <p>Don’t just invest in crypto, but also invest in other traditional markets to keep your money as safe as possible!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/SoonMoonn"> /u/SoonMoonn </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/smxe5j/inflation_is_fucking_over_peoples_lives_and_they/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/smxe5j/inflation_is_fucking_over_peoples_lives_and_they/">[comments]</a></span>Kind Regards R