Inflation is a term we use to define the increasing cost of living in our society. Effectively, what this term defines is a constant devaluation of every Dollar, Yen, or Rupee you currently own.
By holding $AU (or exchange your crypto's into Fiat during a panic sell) what you are actually saying is "I'm OK with the government targeting a 2-3% loss on my investment in the Australian dollar this year" (approx. targeted inflation rate in Australia.)
This seems crazy to me. At least by investing in crypto currencies you are putting your faith in people who a genuinely trying to make your money worth more tomorrow than it is today.
It's much easier to not care about market corrections, and even see them as an opportunity (like today) to reinvest some of that shitty Fiat which has targeted losses built in. And invest it into people, companies, and ideas aimed at creating a better world for us all.
That's what you are buying into when you buy any coin. That's why research is key in investing. There are too many great companies to list in one article which I personally have invested in. I guess my best buy (since tipping you into that Ether buy this morning see article below) would be PIVX. I think we'll see a breakout of this coin. Especially if returning market confidence coincides with a anticipated release to Poloniex. Stability during a correction is not a bad technical sign either.
Stay stoked, keep frothing and always remember..... an informed investor is a successful investor
Cheers, Fish (The Beach Bum Investor)
Image by Matt Brockie