Cryptocurrency: A Perfect Response To Surviving Global Inflation
Introduction
After the Subprime Mortgage Crisis that happened around 2007/08, Satoshi Nakamoto saw so many holes in the finance sector that resulted to the global economic crisis. This crisis was so tough that banks had to fall back on depositor's funds for quick recovery. This drastic action taken by banks resulted to another form of conflict between banks and customers.
The difficulties to access funds shouldn't be that strange to so many of us, as we sometimes experience this ourselves. Financial institutions clearly operate on a centralize system that makes them the alpha over everyones deposits, though there are certain people that gets special attention from this banking institutions. This is another clear area where centralization doesn't favour the majority.
Satoshi clearly wanted a banking system, that would give everyone a smooth, transparent and transiting ways of making transactions. The idea of been your own bank wasn't far from it, as everyone would have full control over their assets and approve transaction at any point in time without third parties approver.
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Aside the true definition of transparency that was revealed to us by Satoshi through the Bitcoin project, the power to accumulate wealth also came as a benefit. This is clearly unlike the fiat currencies that doesn't appreciate in price, but even depreciate and noticed through inflation. In other words, this new form of money didn't just bring freedom, but brought wealth as well.
Some people who choose to use this form of digital money are currently living in the world of their dream, because they were able to catch on an early opportunity. Getting the benefits of satoshi's ground breaking technology has helped so many in the current global inflation.
Global Inflation
The rise in global inflation today have being a major problem that has affected everyone living within and outside a country. It's nothing to be shy of because we all feel the effect, but it has different ways on how it affects us. Price of goods keep increasing, with no increase in the value of money.
Everyone aspiring to become the head of a nation keeps bringing up promises to solve this issues, but ends up giving excuses after years in office trying to figure out a solution. Why is this inflation so harsh ?.
The numbers of school dropout globally isn't even talked about anymore, because of selfish reasons that concerns certain group of people. Businesses are crumbling fast which has lead to an increase in high unemployment rate. Graduates are being discharge regularly from colleges with no hope of getting a job somewhere for surviver, though self employment has always been encourage.
The issue of global inflation has also resulted to the decrease in quality and quantity of most products that are available in the market today. Companies have to take this decisions inorder to remain in the market and avoid losses.
And lastly, Cost of transportation and vehicle maintenance is a major factor that has to be considered before purchasing a vehicle. The issue of inflation has reflected in petrol price. There are several business and non business areas that inflation has greatly affect, but the single effect have been to cause hardship for the common community.
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Penny Jobs
Job scarcity has taken a bad turn over the years, as physical type of jobs are no longer promising. The guarantee of getting a job isn't certain in major countries, since companies now find it very difficult to pay a decent amount to those who posses the right quality and qualification for a particular job.
Unqualified workers with poor working experience are now majorly seen in different organizations, because they serve as alternative to those that are qualified but the issue of inflation stand as a hindrance.
Sadly, some qualified people receive penny in their daily jobs even in this modern technology age, knowing fully well that the prices of goods don't even rub shoulders with people's monthly income. Just as Bitcoin brought a benefit which is wealth, Inflation also brought a disadvantage which is suffering.
People still go through low salary issues even when technology has evolved and online earnings have being made possible. What saddens me most is that people who suffer inflation crisis are part of internet users, but they choose to engage themselves in activities that ain't benefitial.
Remote jobs have also been made possible, which gives room for several employment opportunities all over the globe, but it requires special skills in one or two areas.
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True Or False
With the technology upgrade and variety of financial opportunities on the internet, it is very surprising that people still look down on these opportunities, though internet fraud have been a scare factor. Some people clearly understood the financial aspect of the internet and has profited from it heavily.
The internet is no longer a restricted area, as it is now considered a place of work for so many people. Businesses are being shifted to the internet since traffick helps business owners to make more sales and profits.
Internet money has become so visible that we don't really need someone to tell us about it, But most people still have a sceptical True or False doubt over the possibility to make a living. The True or False doubt has made several people missed out from financial opportunities that could have possibly changed their life.
The story of the Florida man that setup a remarkable history still baffles me and million others. As at the time of Bitcoin growth, he must have doubted the possibility of the bitcoin project which resulted to him exchanging it for two boxes of pizza. I won't judge him for such decision, because i might have done the same if was in his position. This is definitely the True or False doubt.
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Growing Crypto Bags
Knowing fully well that cryptocurrency is a perfect response to surviving global inflation, it requires the necessary process of accumulation inorder to attain such level. One(1) does not signify accumulation, but many gives it a better mean. Crypto currencies needs to be accumulated by anyone who chooses to survive the general global inflation.
Only few people under the secret of crypto accumulation and know how benefitial it will be in very point of need. The price of Bitcoin has increased over the years, giving a upper hand of wealth to those that accumulate than those that choose fiat currencies.
Growing crypto seems to be a major problem to so many in the crypto industry, as they find accumulation process very difficult to maintain. They easily give up because they clearly don't have plans for the future.
With the high rate of unemployment, some people have chosen cryptocurrency as a better investment for the nearest future. Though the global inflation is still troubling everyone, but crypto investors have something to fall back to.
No doubt, the change in price of crypto makes it far better than the fiat currency. Getting involved in this new form of digital money should be a genuine response to surviving global inflation.
My Opinion And Conclusion
With the rapid change in price of cryptocurrencies, it has set a better gap between digital money and fiat currencies. Accumulation of this digital currency can now act as backup to survive global inflation situations, especially with the high rate of unemployment.
This post basically explains how Cryptocurrency acts as a perfect response to surviving inflation situations, please do well to read through.
I am not a financial advisor, the idea of investing in crypto is basically what I fancy, but you should note that whatever decision you take is clearly not my advice. Let's be cautioned.
Thanks for reading my post, please do well to rehive and follow me for more post.
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