I thought I had more time as a European – Now EUR is 1:1 with the USD
2 min read
We often speak about “that African nation currency” being devalued and many people running towards Crypto (or USD).
Because we assume that a nation with a small (and often weak) economic area will face inflation consequences more rapidly than those called “developed nations”.
Well, me as a European I always thought that like most of you. Now I’m finding that the money I earned during the last year-period is worth 20% less. Imagine my joy.
And this doesn’t even take in consideration inflation.
We get sad when out stock/crypto plummets -20%… Why don’t we have the same reaction with FIAT? It’s literally the same thing.
I’m personally not invested more than 20% of my entire wealth into crypto, because (let’s be honest), it’s a high-risk asset, or so I thought.
Now I’m everyday more convinced that the difference between crypto and FIAT is very subtle.
In fact, starting last month I decided to drastically increase my DCA amount, but always remaining to a comfortable level. I still want to sleep well at night.
This post may seem like a rant towards the financial system (maybe it is who cares), but I’m sure you understand that behind the frustration lies a very hard truth:
The Traditional Financial System cannot hold like this forever. It need to change. Soon.
submitted by /u/ZiraDev
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