Decentralization of the monetary system
The world began without any system or form of buying or trading like what we have now, from nothing to barter to fiat currency and next to the new monetary system.
Its cryptocurrency is also known as digital money. The fact is that we are already in the future, but we don't accept it until it's too late.
Decentralization means politics and banks can't control the value of the future currency except as an individual, organization, group, etc., who's buying and holding crypto has a big impact on the cryptocurrency market value. That's the main reason individuals love crypto.
Fiat money continually prints more paper money. Why? Money is in the banks, in our homes, lost somewhere, burned, sinking in the sea, stored in a vault, missing to buy more cryptocurrency, etc. Unlike crypto if you lost your wallet, the value of it still there and remains forever but you can't recover if you forgot your keys or seed phase.
Did fiat money have a max supply like cryptocurrency? No, because they are still printing money and controlling the economy. Bitcoin has a max limit supply and is continuously mined for the next halving cycle.
As you can see, the Federal Reserve System (the United States' central bank) publishes a list of Fiat money printing orders every year.
How about your country or mine? How many fiat currencies do they make per year? This has a big impact on cryptocurrency.
**Inflation Rate **
Way back in 2020, I was posting and teaching about cryptocurrency.
Now I still believe in myself that this will happen again.
Fiat money increases in value, and expenses too, at the same time. That's the definition of the inflation rate for me.
I just started the year 2020 and the Bitcoin market value is 500,000 pesos here in the Philippines. As you can see, the Bitcoin market value reaches a million per 1 BTC in 2022. That's not my prediction based on technical analysis. I just believe that bitcoin and other cryptos will provide financial freedom for me and others who believe in the future of cryptocurrency.
The value of fiat money decreased from 5 pesos to a coin. Also, the 20 pesos of fiat money become a coin change recently.
Do you still hold a fiat currency in your home as your savings that eventually turns to a coin and decreases in value? My salary increased when inflation rate happens but the thing is that expenses, living costs, and bills have become too expensive. That's why a lot of foreigners love to stay in our country because the living costs are not that expensive for them. Most Filipinos want to work overseas because they earn a lot more overseas than here in our country. The fact is that inflation happens, but the ratio of it doesn't change. If you have been working for 10 or more years, you will notice that since from the start, it hasn't changed the way you spend and save money.
I'm not against with the fiat currency, i just love cryptocurrency than fiat .
Did you still have this coin to use as payment or something? They're not valuable enough and useless. What if you held just 1 bitcoin until now and looked at how much it cost recently? It's 2.2 million pesos for 1 BTC and you only have 1 peso in your pocket because you're afraid to risk, invest, and hold.
To the moon
Bitcoin and other cryptocurrencies are a global digital currency. You'll be able to trade, invest, buy, and hold Bitcoin and other alternative coins as many as you want wherever you are.
As you can see, we can't even estimate how much fiat money is created in each country or how much it costs. So much adoption by other wealthy investors and company and more.
The Risk
To make it fair and balanced. When it comes to investment, there's always a risk that we need to know about. If you forget your key to access your digital wallet, it means that you will lose it forever. Furthermore, manipulation has a significant impact in a market such as the sec suing XRP, bitcoin is a scam, and whales are selling a large portion of their crypto holdings. side, cryptocurrency is used by the banks, has become a payment option online, has a lot more ways to earn, and whales are buying more or new investors are holding a lot. Billionaires are adapting to crypto like the Ceo of Facebook and those apps called Meta, not Facebook anymore. Also, with Visa adopting crypto, cryptocurrency will become a payment option in restaurants, hotels, online transactions, and more global adoption.
Your knowledge and research will tell you what to do and guide you to make the right decision. That's the only thing that you won't ever forget before making a move. There's always a risk, whether the bad side or good side of manipulation has an advantage to it.
They are spreading humor to make the market drop, then they will either enter the dip or they are going to tell us about their hype prediction to reach the new all-time high (ATH) to sell a huge amount of their holdings to make profits.
There are a lot of reasons why I love cryptocurrency and I'll end this post by saying stay tuned for the rest of my post.
I am here to share my knowledge about cryptocurrency, but still don't ever forget that you must do your own research (DYOR). When it comes to cryptocurrency, you must decide on your own based on your knowledge. I am not a financial advisor. Don't depend on one statement. Do your research and invest at your own risk.
-Tanj-
@anthonytanj
Hello Tony!
Thanks for the simple but clear & direct article. It's always good to remember the basics.
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Cheers!
Wow! This is a great post thanks for share,
Do you know about the #matrix-8 ?
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Not yet, I've never heard about that, can you tell me more about that?
That's awesome and i really love that having a sustainable life system.
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