I wouldn’t touch crypto with a barge pole when there’s people like Musk who can influence it so easily.
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Exactly my point and companies like Blackrock that have such a large amount of Bitcoin can influence it so easily as well.
Plus why would you trust anything Musk can influence.
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I’m curious, since I started saving in Bitcoin, I’ve been able to shield myself from inflation, improve my purchasing power, and make my financial life easier. This and my belief that Bitcoin will keep outperforming inflation have given me optimism for my family’s financial future. What hope do you have for your financial future?
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This time next year, Rodders.
Obviously there is potential, but there is potential in thousands of companies/stocks.
This isn’t something I’d want my long-term savings in
Long term obviously it’s up, but would/did you hold your nerve in many of the big dips? What about when the next one comes just as you want to buy a house/retire?
My savings might only get a 4% or whatever it is now, but it’s never going to lose 50%
Well between the Investments in the stock market, real estate and savings me and my boyfriend have together and me working for a Government Agency and him working for one of the biggest banks on the planet. I think are financial future is going to be fine without it needing to be controlled by Musk.
Imagine receiving your salary in a currency that the Government can create out of thin air and is guaranteed to depreciate over time. The concept is absurd.
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What has Musk got to do with anything?
Musk has got a massive control over the Crypto Currency Market and so do these big companies like Blackrock. They say anything or do anything the price will go down.
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My salary in your magic beans has decreased 13% from July to August.
How much has it depreciated using thin air government money?
Blackrock isn’t the argument you think it is either. They have a fun of $10 TRILLION. 350k isn’t even a rounding error. It’s like me investing in a Freddo and someone claiming that’s why Cadbury’s should be the next currency.
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If your savings earn interest lower than the inflation rate, your purchasing power decreases. In other words, inflation reduces the value of your money over time.
Bitcoin’s minimum CAGR (Compound Annual Growth Rate) across any 4-year period in its history is around 25%.
Wow you don’t say 
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I mentioned that I use Bitcoin for long-term savings. If you had invested your salary in Bitcoin in September 2020 it would be worth 500% more today.
Personally, I wouldn’t keep my salary in something as volatile as Bitcoin. I prefer this thing called a “Current Account” you might have heard of it.
But where would you put your long-term savings?
Yes and had I invested in Nvidia/Apple/MS/Google at a point chosen because it’s the lowest, it would be worth a lot more too.
What about if you invested in March this year? 20% loss on your savings? Sign me up.
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Mine are in the USB S&P 500, in Savings Accounts with 5% interest and other investments like Dividends and Real Estate
I suspect this preaching to the unconvertable but, Bitcoin is not a safe place for your savings. Past performance does not predict future performance, the future value of Bitcoin is unknown and unknowable. It is extremely high risk, and just because a high risk has paid off in the past that does mean you would be well advised to keep taking it.
Anyway, it’s your money so you do you.
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Let’s all bookmark this thread and come back in a few years. Who knows, maybe I’m wrong. 
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