Bitcoin
Too volatile
Compared to fiat that only loses value?
Yes. I've never seen US fiat lose 50% of it's value in two months. I've seen Bitcoin do it.
When the volatility is 6 fold in one direction than the other classifying it as general volatility isn't quite accurate.
This is not one direction (files.catbox.moe). There are 729 times that bitcoin has lost 1% or more of its value in a single day since 2014. There are 180 times that bitcoin has lost 5% or more of its value in a single day. There are 37 days where it lost more than 10% of its value in a single day. Since 2014 there have been 46 weeks that bitcoin ended the week down 10% or more than the prior week's close, and 138 weeks that it closed down 1% over the following week.
Fiat currency doesn't do that. It's just a long, slow descent.
Have some of that. Was wondering if there’s anything better.
Thanks.
Well if you own without debt the most basic things you will need for enternity then they are better than owning something meant to buy things you will need later.
So what do you need?
A place to live..shelter. Energy..electricity or more likely heat. A source of water. A source of protein and oils and carbs.
So a piece of land with low taxes and no HOA or mandatory utility hookup fees. Solar panels. Now cheaper and provide power forever. A way to convert that power to heat. Glow plugs in water tanks.
An atmospheric condenser or condensation pond or tower or steam or well.
Chickens, goats, fish farm, worms, sheep or hunting land(takes too much to support many families so must farm.)
If you have all those you are protected from inflation because the primary things whose costs will rise are already provided for.
If you have all those
There's no silver bullet to maintaining buying power.
Real Estate is pretty good conservative option.
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