Inflation in Poland vs. Bitcoin ATMs in warsaw

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Are inflation and cryptocurrencies connected?

Inflation can cause huge economic problems for many industries, especially investors. Inflation has increased significantly in recent years and has become a global problem. The COVID-19 pandemic caused a sharp increase in the rate of inflation, and the armed conflict between Russia and Ukraine set the stage for spikes in energy and commodity prices. There are many causes of inflation, and currencies around the world are susceptible to it.

However, the relationship between cryptocurrencies and inflation remains a contentious topic. Many cryptocurrency enthusiasts claim that virtual currencies are immune to market crashes. In this article, we will look at how inflation affects cryptocurrencies.

How does inflation affect the economy?

In general, inflation tends to devalue the currency, but this is not always the case, moreover, the process is more complicated than we think. Inflation is an increase in prices and overall costs of the economy. We can also define inflation as a decline in the purchasing power of a currency. It occurs over a long period of time, although there are some causes that accelerate inflation.

Is inflation a welcome development?

Many economists agree that modest inflation is healthy. It stimulates the economy, keeping demand and jobs at a certain and good level for the economy. However, too much inflation spells disaster. This unmanageable rise in prices is hyperinflation. It most often occurs when too much money enters the system and loses value. Recently, countries such as Turkey and Venezuela have experienced the greatest hyperinflation. At the same time, many economists are talking about catastrophic forecasts for Poland, where inflation could reach up to 20%.

Where to find Bitcoin ATMs 24/7 in Warsaw?

If you want to protect your savings from rampant inflation, it's a good idea to start investing in cryptocurrencies. The best choice for both beginners and advanced people is to choose Bitcoin ATM. It's hard to count all the benefits of using cryptocurrency ATMs, but most of all Bitcoin ATMs in Warsaw are a fully secure alternative to other methods of buying and selling cryptocurrencies such as BTC. Especially for you, we have prepared a list of Bitcoin ATMs in Warsaw that are open 24/7. List of facilities open 24/7:

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1. Bitcoin ATM Warsaw at 39 Plocka Street

There are four cryptocurrency ATMs in Warsaw that are open 24/7 also on non-commercial Sundays. One of them is located at 39 Plocka St. The cryptocurrencies that this Bitcoin ATM supports are: BTC, ETH, LTC and USDT. Learn more at Bitcoin ATM Warsaw - Plocka.

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2. Bitcoin ATM on Marszalkowska Street

If you live near Warsaw's downtown area, this modern cryptocurrency ATM will be right at your fingertips. In addition to its great location, this Bitcoin ATM also has convenient opening hours. The cryptocurrency ATM on Marszalkowska Street is open 24/7. The detailed address of this machine is the underpass under Marszalkowska Street at the level of Zlota Street Lok. No. 9. If you would have trouble getting there, send the location address on the phone or contact support +48 728 008 004. Learn more about this Bitcoin ATM in Warsaw on Marszalkowska Street on its subpage here.

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3. Bitcoin ATM Europlex at 17 Pulawska Street

If you live nearby, work or attend Europlex, this Bitcoin ATM will be perfect for you. As we mentioned earlier Bitcoin ATM, it is a device for buying and selling cryptocurrencies. If you are not from Warsaw and would like to use a cryptocurrency ATM on Pulawska Street, you can use the navigation Europlex, Pulawska 17, 02-515 Warsaw and thanks to the posted Google business cards you will easily find the place. This Bitcoin ATM is also available 24/7, including non-trading Sundays.

4. Bitcoin ATM at 208 Independence Avenue

This cryptocurrency ATM is located in the underground of the Warsaw Electronic Exchange on Independence Avenue. The entrance to the underground pavilion is by "ADENT - Stomatologist Warsaw". If you have problems with the device or can't find it, please contact support +48 728 008 004. You can find out more here: Bitcoin ATM in warsaw on Niepodległości.

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Causes of inflation

The main causes of inflation include devaluation - the legal and deliberate reduction of the currency by the government. This is usually aimed at reducing export costs and trade deficits. Another is borrowing through government bonds - a method of creating new money to go into the market. In this case, the government borrows bonds, this temporarily increases purchasing power, but can also lead to hyperinflation.

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Could there be an inflation of cryptocurrencies?

Experts disagree on how resistant cryptocurrency is to inflation. Some cryptocurrency experts say that governments cannot influence crypto blockchains. Therefore, they can't spread too much crypto and devalue it. If inflation occurs in a country, it will not directly affect crypto assets. Since crypto is a new concept, there is not much data to confirm that cryptocurrency inflation can occur. Additionally, virtual currencies are decentralized which means that no government or entrepreneur has power over them.

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Inflation benefits Bitcoin ATMs in Warsaw?

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Some experts say inflation is good for the digital asset space. As traditional currency loses value, many people invest in cryptocurrencies to store value. More demand and more investment in cryptocurrency increases its value. Investors are consciously looking for alternatives and the more they need them, the demand in the virtual currency market increases.

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What is the commission at Bitcoin ATM Warsaw?

All of the above Bitcoin ATMs offer very interesting promotions up to 2% cheaper than on the exchange. If you would like to stay up to date join the group on telegram - t.me/shitcoinsclub, where you can chat with other members of the cryptocommunity. If you would like to find out more information about the current commission go to shitcoins.club, where all the information about the current commission is given.

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Why don't virtual currencies lose value during inflation?

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Historically, cryptocurrency has shown extreme volatility. Investors classify crypto as a commodity to be traded (like gold) or a security to be invested (like stocks). Both are vulnerable to inflationary pressures. Note that not all cryptocurrencies are the same. Some cryptocurrency blockchains work differently than others. Cryptocurrencies can have the following three characteristics:

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• Deflationary

The supply of cryptocurrencies will decrease over time. With less supply, the value of crypto should increase (or remain stable). Bitcoin benefits from this system. Blockchain halves the supply of new bitcoin about every four years in an event called "halving." Bitcoin's block reward also decreases over time. This system has worked well as bitcoin has risen in price over the years.

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• Dynamic

In this case, the blockchain destroys the old crypto and mint new coins or tokens based on certain conditions. This can happen in the case of stablecoins that are pegged to the value of a fiat currency such as TerraUSD. If the value of the USD fell, the value of TerraUSD would also fall.

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• Infinite

When there is no limit to the supply of a cryptocurrency, it is infinite! A popular example is Ethereum. Developers are using the Ethereum blockchain to build new projects like NFT, which provide constant demand. Since it serves so many purposes, there is no need to put a limit on its supply.

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Available cryptocurrencies - Bitcoin ATMs Warsaw

List of all available crypto at Bitcoin ATM in Warsaw:

1. BTC

2. ETH

3. LTC

4TH USDT

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How does Bitcoin ATMs work in Warsaw?

The operation of Bitcoin ATM is extremely intuitive, the specially selected program and interface only makes it easier for the user to make the first transaction. The whole process of selling cryptocurrency involves scanning a QR code with an address or scanning the address from the screen, sending cryptocurrency to the address, confirming the transaction and withdrawing cash. The process of buying cryptocurrency differs slightly, you just need to deposit cash, scan the QR code or enter your address, choose the fee of the transaction and confirm it, at the end the cryptocurrency goes to your wallet. Cryptocurrency ATMs shitcoins.club allows you to buy and sell, for example, bitcoin (BTC), ethereum (ETH), litecoin (LTC) or DASH. This is not only fast, but also a secure way to transfer cryptocurrency and funds even to another country. If you would have trouble operating the device watch the instructional video.