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Cryptocurrencies against inflation.

delnovem

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If inflation causes a recession, bitcoin could prove the opposite of a hedge against inflation if people respond by moving money into safer assets.
 

Yusuf

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Crypto currency exchange Business is really a good thing to do. For me the Business or Investment is very good to edge inflation. If you can do more on getting different coin it will be good to edge inflation
 

Kelly5

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There is nobody who is involved in the trading and transacting in cryptocurrency that will not be interested in the worthwhile essence of having to hold their assets in stable coins. This will ensure safety of your coins no matter the volatility level of our coins of choice
 

tyrim88

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Inflation, as we know, represents a serious economic problem for everyone. With its increase, on the other side, our purchasing power decreases!
However, the cryptocurrencies, having an emission limit (in the case of Bitcoin, no more than 21 million units), could therefore counteract the phenomenon of inflation.
This concept, dictated by the fact that the presence of a stable cryptocurrency would allow us to change our savings, in order not to suffer a loss in value.
The cryptocurency involvment in the exchange market has a significant effect in curbing inflation in that the purchasing power can increase while the cryptocurency remains constant compare to the fiat currency.This is like a peg against devaluation.
 

Alexandoy

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If you care to know inflation is the artificial rise in prices usually due to too much money in circulation. When the prices of commodities increase then the traders may earn a profit. However, the profit you earned will also be eaten by the high price of goods that you will buy. In other words, the crypto coin is a commodity with a higher price which is negated by the high prices of goods in the market.
 

greenie

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As law of economics said "when deman rise price will rise, when demand falls price falls." it abvious that bitcoin has limited supply in the market and the number of demand increases while the quantity remains constant. this cause inflation of bitcoin
 

HayKay

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This is one reason why people keep accumulating a lot of coins because crpyto has shown that it's a great investment vehicle that can protect you a whole lot from the effects of inflation just like you highlighted.
 

tyrim88

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Inflation, as we know, represents a serious economic problem for everyone. With its increase, on the other side, our purchasing power decreases!
However, the cryptocurrencies, having an emission limit (in the case of Bitcoin, no more than 21 million units), could therefore counteract the phenomenon of inflation.
This concept, dictated by the fact that the presence of a stable cryptocurrency would allow us to change our savings, in order not to suffer a loss in value.
The use of crypto currency in doing transaction and exchange of resources for services or products will go a long way to mitigate the effect that inflation might bring, one way is if our investment is in a stable coin. This will prevent undue fluctuations in the value.
 

Syldan

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Well, the effect of inflation in cryptocurrency is very low due to it level of operation. The low of demand stated that the high the price the lower the quantity demanded and the lower the price the higher quantity so also applied the value of cryptocurrency is very high which lead to low demand in the market and it supply.
 

joy101

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It can be possible that cryptocurrency can curb inflation so the price can be change, its can go up an down in the market one should really know when to invest.
 

Setho

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Cryptocurrency can be seen as a very reliable store of value provided that we are very early in the market, but I do not see it as a very reliable cover against inflation. For example the price of Bitcoin has depreciated more than 40% since October last year and that is not something you will want.
 

Ononivami

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Bitcoin is one of the cryptocurrencies that could be used to fight inflation. The major reason is that the bitcoin has limited supply. The supply of bitcoin in the crypto space is limited and that makes a good tool for fighting inflation.
 

Sotherefore

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I don't even know how cryptocurrency can be used to fight inflation , but what I understand is that a lot of people and most countries sees cryptocurrency as what can lead to the collapse of a particular country's economy.
 

tyrim88

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Personally, I believe that investment in cryptocurrencies can guard against inflation. Very true.

Instead of leaving your money in the bank, save it as cryptocurrency (Bitcoin). You'll never go wrong with that. Especially if you are from a country whose currency keeps devaluing.
That is just a fact about the whole essence of the cryptocurency trading market,because whichever way it goes,one can just decide to keep his money in stable coin,because that in itself a safer option than just keeping it with other coin value tag.
 

Josephjossy

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To my own understanding, bitcoin and other cryptocurrencies go up in price when there is high demand in supply, that is when so many people but bitcoin in the same time
 

Bookwormlux

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Cryptocurrencies ,even though they are having high volatility rate , are much more reliable than Fiat currencies that are usually affected by the inflation, which is normal in the society, and comes once in a while.
 

Syldan

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In think to some extent both cryptocurrency and inflation are in the same hand having alot of negative impact on the economy. the value of crypto is determined by the demand and supply. and what if there is low in demand there will be inflation in crypto.
 

Monster Masterpiece

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Since crypto currency will have value only when it is pegged with fiat currency (1 bitcoin will not have any value until it gets USD value), bitcoin and other crypto currencies are also prone to inflation
Sometimes when you purchase even from local retailers they accept Coinbase payments by scanning QR codes and getting your merchandise means do even need to convert to fiat currency.
 

Chibson

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Both bitcoin and Fiat currencies have their advantages and disadvantages. the major advantage of Bitcoin is that it is inflation resistant because it has limited supply. But Fiat currencies can be printed in excess and therefore leading to inflation. The downside about bitcoin and cryptocurrency is in general is that it is very volatile.
 
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