Fiat is teaching you how to spend while crypto is teaching you how to save or invest

There are two worlds colliding in the finance space and those are represented by the traditional FIAT and the almighty CRYPTO. Fiat is inflationary and during the time its value simply decreases so we have in our DNA the thinking that we need to spend that while it has a bigger value compared to tomorrow. The cryptocurrencies showed us through limited supply and deflationary mechanics that these are the right tools to save as the value should increase as time goes by. And besides that, we are eliminating the middleman and thus have a chance at bigger gains.

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While we are all anchored in the real world and we might have our revenues come in fiat, taking a part of that and putting it into crypto gets us one step closer to financial freedom. You might say that when you need to buy something of a greater value then you need fiat to do that so having your holding in crypto might not be a good idea. But that is not quite true. Why? Because first of all the crypto can increase its price point in time and this shows us in many cases. On top of that, you can still hold your crypto, while getting a loan with that being as collateral. This means that your crypto can still continue its price improvement, while maybe also earning interest, while the fiat is simply doomed to decrease its value. So you can achieve everything based on your crypto holdings rather than always thinking that you need to exit it and get back to fiat.

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Nonetheless, the world is changing and we see countries making cryptocurrencies legal tenders for payments. Thus you might not need to touch fiat ever again and that comes with being able to avoid considerable fees from intermediaries, exchanges, or withdrawals. You might not think about it, but we are still in the early stages of mass adoption as only in the past year the institutions and financial funds really jumped into crypto. And there is a lot of space for new crypto and blockchain projects to come in and bridge the real world with the digital one.

You don't need to go all-in into crypto, but at least to some of your money or savings to put it in it for the future. Making yourself an investment plan with a specific amount to invest, steak to it periodically and you will build a crypto portfolio for your financial freedom!

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21 comments
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It's actually crypto that thought me how to invest. Had no prior experience with that before I bought my first cryptocurrency. I've paid the costs over time, but nothing comes for free.

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True words and for me crypto represented a financial learning course, some of it free, some of it costing quite a bit. But if I would draw the line I think I saved at least 10 years from my working life if it was to liquidate everything. But I am here for the long run and pushing to make that 10 years for life...

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It teaches you economy and finance in general. I have learnt about inflation, deflation, offer and demand, and many more topics thanks to crypto.

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That indeed, it offered us means to be more aware of the financial mechanics and in some context be able to react in the right way. No FOMO and no FUD!

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Agree 100% it has taught me many things about finances in general. I mean, I had to learn about debts and stuff the hard way, without being prepared for the big world out there, I learned my lessons and paid a lot for the lessons of life regarding finances. It has been difficult for many years, but cryptocurrency has changed my life big time. I've never had a savings amount in fiat as big as I have in crypto. Never, ever. I learned the hard way as well that I should be more patient sometimes, and hold my stuff longer. But I also learned that something real life throws you lemons and I rather deal with them quickly using earned crypto by blogging rather than having the stress about some fiat bill that came on my path. I have had close to zero a few times in holdings, but crawled back up quicker every single time. Great lessons! What a ride, imagine mass adoption. Great stuff!

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Crypto indeed offers us much better incentives to save and invest compared with traditional systems. And on top of that, I see borrowing with crypto collaterals and low charges offering us the possibility to get some amounts and use them in real life, while still holding onto our cryptocurrencies and paying maybe with the interest.

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Yes, I agree. I've considered it several times to take a loan with crypto as collateral. So many options to make money.. I have to learn more about it first, as I haven't done it so far..

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Weather is fiat money or Crypto currency a consumer,is always a consumer.One thing about fiat money is, once you have it,is easy to eat the money but for Crypto currency is not easy to spend, Crypto currency will teach you how to invest your money.
But some people spend their Crypto currency easily through P2P transaction.
Thanks for the information

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You know, I never thought of it that way but it's TRUE! The HODL gang is strong in the crypto space.

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All my investment plans are based on blockchain-based products. I think I totally lost my trust in the fiat & current global economy. Just trying to save my purchasing power is not sustainable through fiat money :I

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Saving in fiat gives worthless returns while in crypto these are quite good without the middle man. There's where the power resides and why we all look to harvest value from crypto.

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Every day into crypto, I become a better investor plus there are hundreds of other things I learn. Get to meet amazing people like you. Creating, engaging, and learning while making money. Isn't this the best possible lifestyle?

Soon it will be uncool to not own any crypto and know nothing about it. This is the best to get on the boat.

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Quite right, crypto shows us a new way of living and building a decentralized future for us without depending on the traditional centralized institutions or banks.

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Nice post. People keep forgetting the potentials crypto has, we are not limited in crypto. We are literally limitless, with DEFIs you can stake your coin and earn more. What more freedom can we ask for. Those that don’t know, don’t know while those that know, know and are tapping from this.

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