Post
Topic
Board Speculation (Altcoins)
Re: The Importance of Inflation in USD
by
Exture
on 30/11/2019, 10:03:24 UTC
Inflation is an economic condition where prices generally increase over a long period of time. Temporary price increases such as price increases during Eid are not considered inflation, because immediately after Eid, prices can go down again.
I think many people in crypto only consider inflation from crypto compared to themselves but I think what is more important is inflation from certain crypto in US dollars because everything is finally valued in US dollars.