Nostr Web Client

Just a reminder #Bitcoin 's price is only barely above the 2017 top ($20K) - if you account for *acknowledged* inflation.

In all likelihood it's below the 2017 top in real purchasing power.

Reply to this note

Please Login to reply.

Discussion

Luke Dashjr 2y ago

I suspect the 2017 top is still our real all time top

bitbuybyte 2y ago

What are you talking about? Real purchasing power or 70K Bitcoin in 2021 was more than 19K Bitcoin in 2017.

Habanero 2y ago

I agree, in 2017 when we hit $20k I popped a rod for over 4 hours... almost went blind. In 2021 it just didn't feel the same

Badsamm 2y ago

You’re only a virgin once.

Luke Dashjr 2y ago

Was it?

BUB 2y ago

Can you elaborate?

OriginalSize 2y ago

2021 saw near $60k. Broad inflation hasn't been that bad over 4 years but one could possibly make your case with something that saw a bubble along with many things in 2021.

SARGE 2y ago

I see you’re a Bitcoiner so you get it. But just for the followers that see this:

Don’t forget about unit bias… 1 BTC = 1 BTC👍

You can’t measure a system from within a system.

Assets will go up forever measured in fiat currency units, the base layer fiat currency (USD here) will lose value simultaneously though because of an ever-increasing supply with the same or lower demand.

#Bitcoin as the stronger asset trends up forever against them, in the same way that the USD currently trends up forever against the Peso, Bolivar, Yen etc.

Liberty Farmer 2y ago

It is right where it is supposed to be then, maybe a tad under. Yeah?

volition 2y ago

Much sweeter to earn in Bitcoin.