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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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26129114 No.26129114 [Reply] [Original]

Sup biz, first time no see.
I am very concerned about USD and am seriously considering putting a large portion of my savings into crypto temporarily in order to avoid a potential financial upheaval thanks to inflation.

I want real info, do you think that is a legitimate concern, and if so, what would you recommend?
For the record, I specifically choose crypto because I know gold and silver are fucked, but also because I need to use it online for business reasons.

I understand also that this is not a permanent solution, and will most likely pull my funds the moment things settle back down

>> No.26129183

>>26129114
Your spacing and command of english and logic concern me.

>> No.26129240

>>26129114
Bitcoin is still the market leader. It has the most liquidity and payment solutions. Can't go wrong with that

>> No.26129288

>>26129240
I have heard concerns that the moment the dollar collapses so will it. That may be a stupid thing, but I would still like to ask about it.
Thank you for responding.

>> No.26129298

>>26129114
buy xrp, lto and lit in that order

>> No.26129328

>>26129298
Explanation?

>> No.26129493

>>26129288
In a currency collapse, there's a lot of variables.

Using Greece, Argentina Venezuela as recent examples, however, we can see that bitcoin avoided much of the capital controls and prevented some uman suffering. Argentina and Venezuela have adopted it deeply because it allowed for trade when the government couldn't keep control on inflation

>> No.26129699

>>26129288
If you are thinking in terms of doomer like this, you should always keep capital controls in mind. It's what you should learn to accommodate for.

>> No.26130044

>>26129699
>>26129493
I see, thank you. I was advised by someone else that it may be good to wait until after wednesday in case BTC or ETH crashes

>> No.26130800

>>26130044
What happens wednesday?

>> No.26130883

>>26130800
Presidential inauguration is Wednesday.
Worry about overspending for "covid relief" going the way of Argentina

>> No.26130912
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26130912

Monero because of many reasons

>> No.26131004
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26131004

>>26130912

>> No.26131048
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26131048

>>26131004

>> No.26131115

>>26131048
....what?
Also, I have thought about Monero, got recommended by The Hated One

>> No.26131299

>>26131115
I’m not shilling you an overnight 100x, I’m shilling you an easy 30x (fingers crossed for more!) over the course of a few years.

>> No.26131344

>>26131299
Well, thanks, though I am not here to invest, I'm here to secure my current finances

>> No.26131451

>>26131344
“No I want it to stay the same value instead of grow over time”

Ok, retard. Even gold fluctuates wildly in price. If you want to get into crypto you can pick up, down, or “fiat but with more steps and fees”

>> No.26131500

>>26131451
Dont put words in my mouth, I just meant I am not here with the goal to gitrikqwik