Quote from: blockman on February 23, 2023, 09:48:06 PM

Quote from: Mahirap on February 22, 2023, 11:37:05 PM

Quote from: blockman on February 22, 2023, 09:22:07 PM

I don't see the connection between having high price goods and consumables with bitcoin's price. Bitcoin is a deflationary asset and the more the price of these goods is being ticked in by inflation then that means that bitcoin's going to be higher than theirs.

The higher the price of everything goes the lower the value of fiat will be, so if you want to buy bitcoin now you have to pay higher price against US dollars. Not everyone here is from USA so the exchange rate of USD is taking a part here.

Right and that's why those that think that bitcoin's price is getting any lower in the future, think of how inflation will affect bitcoin's price. So as things mostly go up and the value of fiat gets lower, there will be more fiat that's needed for every purchase that we'll do in the future.
And the same goes for bitcoin, it has got only one way in the future and that's to go up based on factors that we know like inflation, halving, mass adoption and other more.

I since I was in my home country and things in terms of inflation and how it is now bitcoin can also save many people from the precarious situation of many and if everyone reads this thread I'm sure they will to change opinions about bitcoin, it is very difficult to change consciences, but I know that whoever has bitcoin will never suffer the ravages of inflation, whoever has bitcoin will be king. Those who are anti-bitcoin say that it can drop a lot in price and that can bring losses, but if it goes up? Where are they going to take the profits? I'm sure beyond the clouds.