Quote from: Yaunfitda on October 26, 2022, 02:23:55 AM

Quote from: necudo on October 23, 2022, 11:57:01 AM

So i'm basically just thinking out loud but with inflation going rampant and last 2 years everything went up at least 20% in price and value do you think that 17.5k
(which could be a bottom in current bear cycle) BTC could actually be 13-14K preinflation and 17.5k as of now a bottom adjusted for inflation?

Possible, but what is the point of thinking it that way? I mean prices is going down, we are in the bear market, it went from $69k to $17.5 or whatever price you think. So that's basically what happened in a long hard and grind bear market.

We will definitely have to bottom in this cycle, right now it's $17.5k. Maybe next year when the market is still in the negative in could be in $13k-$14k like your price pre-inflation, but it doesn't mean anything to bitcoin investors.

If I am understanding you correctly, you are trying to corelate value of Bitcoin with rising inflation. Since Bitcoin is deflationary asset, its price should have gone up with rising inflation because inflation reduces the value of fiat currency & increases price of commodities like Gold & silver but in fact it didn't happen and Bitcoin corelated itself with US stock market since inflation started rising. Unfortunately, markets are mostly driven by sentiments (greed & Fear) & rarely work on logic.