While we are focusing on crypto in a daily basis, it is wise to look at the financial world and see how and when our holdings will grow in parallel to the traditional market.
I was reading today about Tesla reaching the valuation of one trillion dollar cause #hertz has ordered quite a few Tesla for rental. I guess many will drive Tesla before they buy one. Even myself is contemplating this foe.
Before the pandemic The US economy was inflated at a rate of 2% give or take. I recalled gas the low grade was near $2. Not so bad when I hear some other countries, one gallon is around $20. That is crazy.
For us in Florida, you pay the 87 for $3.15. You can see each gallon is taking a dollar away from everyone's pocket. Groceries is getting crazier if you pay attention to the prices. I used to buy a pound of conch for $9.99. Somehow it is $19.99. I ask myself, it is the same conch, why $10 dollar more? From what I can understand the gas price and manpower and everything moves the price where it is is. This is just one example how inflation is creeping down the economy.
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While I am acting as a far cry, some other countries have been dealing with crazy prices for a while due to instability in their economy.
It gives you the importance of having a currency that can help in the long run. If you are earning and leave your money in fiat, you are calling the peril to eat you alive in the spiral control economy.
While inflation is hanging around at 5% or 7% depending on how you see it, the stock market is doing its thing. Crypto is amiable as well making headway for the holders.
The tentative transaction has to happen either way. People does save quite during the pandemic so it is logical for them to spend and do not see the pain of inflation that much.
While companies push the inflation to the consumers, profits are coming, making investors untethered with the positive market direction. This is a vicious cycle where when you know the situation you act and find ways to remain solvent. So far everything is trying to go back to normal.
Inflation does not faze consumers that much.
Crypto market is serving all holders the same merit via the incoming inflation that will linger in the market. I hope consumers understand the reason to navigate all market and see the real valuation through cryptocurrency.
So far it is dire comparing to 2019.
As you look at 2020, this year is just a path to the hope where things should go back to normal in the next 8 months.
In the meantime, crypto will serve as the individual balance sheet to keep value where it should be.
Get in while you can cause the reading you make now, everyone with crypto eyes is calculating the entry point.
Flash moment, keep yourself in the loop.
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It seems to me that at present the prices of essential commodities are increasing several times in almost every country of the world. For example, in the economy of Bangladesh, the prices of everything from basic necessities have gone up several times, which is a sign of further rise in inflation. That is why I am grateful to Hive and cryptocurrency. This is to have a good impact on the world economy.
It is up to the consumers to slow
the inflation down.
It may be a problem for the economy
as this may cause another problem.
At the end supply and demand will always
agree to disagree.
!BEER
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Really, the rate of increase in price with goods is not pocket friendly, In this part of the world, I mean Nigeria, Prices of goods have almost doubled, and the inflation rate is massive.
A really big thanks to cryptocurrency, The Hive world too, for the value its adding to the worlds economy.
As I mention you can hardly react to it
now since you need to survive.
The underground market will get hit more
since it is not regulate, the consumers will just
do what they do best, slow down the economy.
Hive is just a reason, holding will pay dividend.
!BEER
Posted Using LeoFinance Beta
i like some good conch too ... where are you approximately at? we vaca in Sebastian on the treasure coast ... peace
inflation is officially at 5% ... sure it is 🤣
I am in Palm Beach county.
I used to drive to Treasure coast daily for
work.
Inflation is making certain delicious foods
hard to even touch.
Even crabs as Costco is getting more expensive.
It all starts with fuel price.
Even if fuel comes down, the price may stay
that way.
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damn, we luv Crab E Bill's in Sebastian, fresh naturally harvested seafood market, take home to cook or eat on the deck viewing the indian river lagoon,,, daily lobster bisque, fuckin' heaven ... my parents go each year, my family missed last year w/ covid but b/f that 5 yrs in a row ... going back end of Jan., very chill area, awesome
!BEER
good information, friend, very similar to what Venezuelans live, for example, if we only have fiat money (Dollars or Bolivars), inflation will surely eat up our savings very quickly; That is why, for example, I have some savings in #Hive and only changed what was necessary to buy food and left the rest there for some other opportunity and not lose since everything moves very fast in our country.
This is what we all should do.
Hive is well place to fulfil this
plan of action
!BEER
Posted Using LeoFinance Beta
simply the best place for our savings is here #Hive
I really hope so :(
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