Looks like Bitcoin did a better job than central bankers in keeping prices stable #Bitcoin #job #central #bankers #keeping #prices #stable

Appears to be like like Bitcoin did a much better position than central bankers in retaining price ranges steady

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Comments (4)

  • P_e_a_s_h_o_o_t_e_r Reply

    If you do a comparison like this you should be using percentages. Price for everything starts at 100% and than you can see what happens.

    With this scale you can’t easily see if wheat outperformed bitcoin or not. The start and end points might also influence the comparison a lot.

    February 23, 2023 at 1:30 pm
  • autoencoder Reply

    Priced in USD, lumber went from $300 to $1700 and back to $300. Priced in BTC, it went from ₿0.03 to ₿0.025 and lower: ₿0.015.

    February 23, 2023 at 1:30 pm
  • MrMeeSeeks420C137 Reply

    Normally when I think of bitcoin as deflationary I only compare it to the dollar.

    This point of view makes more sense. And also kind of easier to understand why it’s a way to fight inflation.

    Prices go up on goods no problem the value of your money did as well.

    Bitcoin will be the world’s choice for medium of exchange.

    February 23, 2023 at 1:30 pm
  • autoencoder Reply

    Strangely the CPI is still at all-time highs. Why could that be?

    February 23, 2023 at 1:30 pm

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