In the unfavorable economic conditions in the country and the world, what value reserve do you consider to protect the savings that you have accumulated during the long and difficult years? Currencies Fiat, Bitcoin or Shetcoin ?!
What follows is a study of three types of investment attitudes: people who are Fiat Quinners, or so-called Fiat currencies such as the dollar and the euro; People who are bitcoin and believe only in bitcoins.
This article was written with the help of unequivocal and convincing articles on the Medium website by a well-known digital currency author named Sylvain Saurel. Without exaggeration, Charles goes straight to the point and divides people around the world into three categories: Fiat Quinner, Shet Quinner and Bitcoin. Read more in the language of Charles.
In the face of the huge monetary inflation we have been experiencing for almost two years since the outbreak of the Corona virus, I think you need to put yourself in a position where you can best protect your monetary future. In this article, I do not intend to persuade you to refer to a particular category; I’m just trying to open your eyes to everyone’s characteristics.
The first group are people I call Fiat Quinner. As you probably know, traditional currencies such as the dollar or the euro, which are used in everyday life, are called fiat currencies.
Fiat Quinner is a person who believes in Fiat currencies. These currencies have no value by nature; In fact, only governments guarantee the visible value of Fiat’s currencies and force you to use them.
For example, it is often said that the US dollar is backed by the US military. This theory refers to the many wars that the US government is waging around the world to maintain its monetary dominance over the current monetary and financial system.
Read also: Which digital or Fiat currencies are more misleading?
It should be noted that the US dollar gives this country considerable merit. The rest of the world seems to be spending money on the well-being of Americans. The United States cannot easily lose this advantage, an advantage that a power like China is now trying to challenge in order to achieve its goal in the coming years: to become the world’s number one power.
If you are a big fan of the US dollar or other fiat currency, you are one of those people who blindly believe in the actions of central banks and governments. Or maybe you’re just surrendering to the current system and thinking you can’t change it.
If this makes you feel better, you should know that the current system is only 50 years old and was created unilaterally by Richard Nixon in August 1971. The life of the current financial system, if it has reached 50 years, according to the humble servant , is unlikely to reach 100 years.
This financial system suffers an unforgivable loss, which ultimately leads to bankruptcy. The main mistake is to have absolute power to print the money that is in the hands of central banks. In this case, a minority that is not representative of the people can make decisions that affect the majority of the people (often negatively).
The Federal Reserve printed more than 35 percent of all US dollars in circulation during the Covid outbreak crisis, pushing the U.S. balance sheet to $ 8.5 trillion with at least $ 120 billion in monthly purchases over the past 1.5 years.
You may think that this does not affect you directly, but this policy of injecting money will only pour more than $ 2.1 trillion into the pockets of American billionaires, while those most in need now suffer more than ever. In October 2021, inflation in the United States reached 6.2 percent; The same percentage in 2020 was only 1.23 percent.
Being a Fiat Quinner means accepting the idea that the rules of the game can change constantly and that you have no control over the outcome of your work. Over time, either your purchasing power will inevitably be lost, or you will have to spend your money on useless things that the consumer society is constantly forcing you to buy.
Another way is to invest your money in a certain area to avoid the effects of inflation; But this opportunity is also available to the affluent minority in society. So, if you believe in Fiat’s currencies, you are in fact caught in a vicious circle that exacerbates public poverty in an unshakable way.
Read also: Why is bitcoin more moral than Fiat’s money?
Some people, with or without awareness of the shortcomings of the current monetary and financial system, are looking for ways to make more money. With the success of bitcoin, the world of digital currencies now seems to many to be a golden opportunity to make more and more money. For these people, the advantage of digital currencies is that they can be much more profitable than the stock market.
You’ve probably noticed that we’re talking about six queens. Shet Quinner is someone who wants to invest in all the controversial digital currencies. Quiner’s eyes are focused on the price of garbage rising overnight with huge whale movements to exploit the greed and greed of novice investors.
In October 2021, we witnessed such a thing for Shiba Inu, Shet Quinn, which peaked briefly and then fell just as sharply. Now that the free fall of Sheiba Ino is not over, the price of this altcoin is still very high compared to its actual use.
It seems that some whales are still waiting for opportunities to manipulate prices to raise start-up capital. The main problem with these coins is the ambiguity that surrounds them, leaving the tokens in the hands of only a few. It is interesting to know that currently 72% of Shiba Ino deliveries are in the hands of only ten people. You know better how easy it would be to manipulate the price of this garbage if these ten whales match; Of course, these conspiracies to manipulate the market have definitely happened!
Therefore, it is probably not in your best interest to invest the fruits of your labor over the years in coins whose value can be manipulated to zero at any time. When I raise this issue, some people disagree with me, because from time to time, people who rush to these dumps bring huge profits to coin owners.
I do not deny this fact; But the story is more about gambling and betting. A gambler can make a lot of money in a game, but can he view gambling as a wise investment for his future money?
In my opinion, the answer is clear. Six coins can add a lot of money to your wallet from time to time, so they can be attractive; But this will never be a long-term investment that guarantees your monetary future.
What you need is not always more money, but sometimes you need to regain control of your money and capital. It is your right to monitor not only the effectiveness of your money, but also everything that happens in the monetary system. Bitcoin allows you to do this.
Bitcoin guarantees that just as every bitcoin is equal to 1 in 21 million units today, so it will be in the next 5, 10 or 20 years. You don’t have to blindly accept what I say, bitcoin allows you to confirm. All you have to do is run a full node in the bitcoin network and check everything yourself. With bitcoin you will no longer be dependent on third parties.
When you run Full Node, you will actually control your bank and no one can stop you from using your money. With bitcoin, no one can confiscate the fruits of your labor for any reason. In this network, you are fully responsible for your money.
With bitcoin you will have access to the best savings technology in the world. All you have to do is buy bitcoin, not touch it for a few years and then come back to see how amazing your purchasing power is. This is not the case with Fiat and Shet Quinn. This advantage of bitcoin can attract more and more consumers every day and ultimately voluntarily and peacefully remove members of the bitcoin community from the vicious circle of poverty prevalent in the current monetary system.
By choosing bitcoin, you are actually betting on the future. A better future for the general public.
Read also: Bitcoin is the most peaceful revolution in the world
Bitcoin is not perfect, but it continues to grow for the benefit of all its users; We saw this evolution in the Taproot update on November 14, 2021.
Bitcoin is leaderless and belongs to you as much as it belongs to other users. This feature is not found in Fiat’s currency system as the US dollar. Individual success with bitcoin benefits all users of the system. In this way, bitcoin reconciles individual interests with collective interests.
This may seem trivial, but it has a huge impact on reality. Bitcoin is the hope for a fair financial system in the future, a powerful and protective system that changes the game and brings people back into the game.
No amount of evidence can guarantee the victory of bitcoin in this financial revolution; But now bitcoin is our best chance. That’s why choosing bitcoin seems so obvious to me.
Whether you are a Fiat Quinner, Shet Quinner or Bitcoiner, you need to be able to best protect your money in the future. Which category you choose depends on your choice and see what assets you believe in to protect the fruits of your labor.
Do you still believe that governments and central banks that have failed to protect the value of people’s assets over the last 50 years can now protect your wealth well?
Are you ready to take the risk of losing everything and putting your savings at the bottom of the coin to earn (temporarily) big money (temporarily)?
Or do you end up betting on a monetary system that aims to restore people’s power and allow you to live according to your own principles and circumstances?
You can also think more about what Sylvain Saarl said in this article and, if you want, share your opinion with us.
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