Quote from: John Abraham on Today at 03:47:16 AM

Quote from: philipma1957 on January 06, 2023, 11:11:47 PM

Supermarket prices

King Kullen New York
Jan 2023
12 Eggs............................... $5.79

Arnold White bread 2 lbs........ $6.29

Head Of Iceburg lettuce.......... $2.99

Pound of bacon..................... $10.99

Cheddar cheese lb ............... $10.99
total __________________$37.05

Summer 2021
12 Eggs ............................ $1.59
Arnold White Bread ............ $4.49
Head of Iceberg lettuce ...... $1.99
Pound of bacon ................. $2.99
Cheddar cheese lb ............. $3.99
total _________________$15.05
18 month time span

Freakin inflation Jumped over our heads.
We live life somehow well. But I feel sad when I think of a family with only one person to earn, and the family is big.

Yep.. real world experience does seem to show us that inflation is higher than being disclosed.... and so perhaps we are getting prices doubling in about a year and a half.

I like to think of total family budget in terms of percentages, so you are right if the family budget for food had been 1% to 3%, then it may be way more manageable if it doubles and becomes 2% to 6%.. versus someone who might start out with a food budget that is 10% to 15%, then when it doubles it becomes 20% to 30%... so does the income increase keep up with that?

So yeah maybe some of the income increased 4% or maybe even 10% for folks who were really in a better income position, but did not make up for the doubling of the prices.

In terms of bitcoin, it can be interesting too. Let's say that a BTC hodler might have been starting to feel that s/he was getting close to fuck you status when the BTC prices were in the $50k range, so s/he had accumulated around 30 BTC.. so really starting to feel close to fuck you status in terms of spot price.. .. but not feeling so rich now.. and just feeling like stacking sats and maybe having some struggles to muster up any extra cashflow to dedicate towards BTC.. used to be able to stack $100 per week, but now is having troubles to put together that much money... and so will s/he have more BTC in the event that BTC prices get back up to $50k again (assuming that BTC prices get up to $50k again at some point),

and maybe part of the goal for each of us might be to try to make sure that we are at least not losing in sats.. if we have not yet made it to fuck you status.. and even if we did make it to fuck you status, there might be some feelings of insecurity in regards to NOT being able to feel comfortable spending from BTC stash.. if the stash is less than 80 BTC.. like I had mentioned that amount before... as possibly being borderline fuck you status, but it ONLY really works if you are able to exercise some deferred gratification.. even if it might be more comfortable in later times, presuming the 200 week moving average continues to move up.

Think of Luke.. who lost around 200 BTC. Does he have more BTC because that 200 BTC would be around 2.5x entry level fuck you status.. but maybe not so much for a guy with 8 kids.. maybe we have to consider that he might be ONLY at fuck you status with that quantity of coins with his family size? But then someone with that many coins might still not feel comfortable spending any of his coins at these prices and while the prices of everything is continuing to go up..... in the ballpark of close to 2x in the past couple of years.