14-05-2022

In this era having fiat is more like rugging yourself and sooner or later will go bankrupt

Knew that fiat will more likely lost it's value in the coming time but didn't expected it's about to happen

More likely seeing countries running on Dept's or corrupt government is reason behind economy crash

And its about to happen in my country as well that's why i decided to drop all fiat and diversify into BCH to be on a safe side

Which might become a bad decision BCH isn't also stable but way more better than having fiat right now.

Inflation is rising and we all know no one is there to stop it and will continue increasing further more in coming time.

Either peoples will choose to hold digital assets over fiat or they'll go bankrupt not sure about rest of countries but totally sure about mine.

Fiat value is dropping fast

This year isn't good for most of us and in these 5 couple of month's fiat literally lost value more likely Luna

Expenses are increasing, wages are still same, unemployment rate is increasing and currency value is dropping so fast

Because value is going down inflation is rising more & more

Though it's not a good time coz fiat value is dropping and also market crashed to its low and supposed to go more down

So I'm thinking where should people's invest rather than having fiat or digital assets what will be a safer option in the meantime when everything is losing it's value.

Currency losing it's value against Dollar

I'll surely go in depth to know what is making $ so powerful coz always like all the time our currency is losing it's value against the dollar

This chart of two months show how fast fiat is losing it's value

a few month's back when 2022 started $ was at 172 Pkr and now it's 193Pkr in open market

Almost there to hit 200 pkr which isn't a good thing for those earning daily or still same wages.

Running on Debt's

As far i believe this happens when country is totally running on debt's under a corrupt government than they don't care about peoples living in country

All they care about is filling their own pocket's, building a good future or lifestyle for their upcoming generation's outside country

Or when policies are wrong than every country running on debt's goes bankrupt

I'm seeing this happening but i pray it doesn't happen otherwise we all know condition or situation in Sri Lanka

There's more chances of going default, economy will crash or other worst situation firstly i hope it never happens

But taking steps before it happens is necessary or in this situation having fiat money is absolutely mistake.

Also facing like 38% water shortage which is quite bad and only can pray for peoples suffering.

Too many risk's having fiat money

right now there's more than enough reasons or risk to drop fiat

One of them is devalue of fiat money means if I've $100 right now within a month or maybe in a week it value will be $50 worth

Risk of going default, economy can crash, losing points in Stock or federal reserve went all the way down is enough not to risk life savings.

Dumped most of fiat into BCH

Firstly I'm the guy who never left much fiat remaining i only save some for own expenses like for internet or snacks mostly

So rest is dumped into BCH since a long time

And that's also true when every time i need fiat BCH prices rug me hard it's too volatile and specially nowadays it's hurting much more

But dumped some more fiat into it and sooner or later it will perform much better and won't get devalue like fiat.

Instead of fiat I'll choose land

As we all know fiat losing it's value and digital asset's are also dropping and will continue to drop further more in coming day's following the trend

So being into a safe thing is must and As far i know Land is the safest investment option

And in coming time land value will increase 10x or 100x if inflation keep rising

But well still i need a professional advice from someone experience I'm in the phase of life where I'm learning through mistakes and have nothing left to risk or make wrong decision

Though don't have enough investment to buy a land but maybe in coming year's with all the hard work and effort's.

fin.

After knowing about current situations i decided to kill my own wishes or need's

Save more money and spend carefully so have to control expenses which is increasing everyday and focus on grind

Thinking to have some backup plan's as well SmartBCH isn't doing much right now already in loss and maybe to dive into hive or some other thing's.

Tho I'm curious if this is only situation of my country or other's as well

I'm kinda away from news only seeing on social media

Also let me know what is making dollar so powerful.

For now hotness is at it's peak only summer things and kinda lazy not going out for a walk or not even any workout in this boiling weather.

Well benefit of being introvert in summer is we stay in home instead of getting burn outside.