Quote from: d5000 on Today at 03:45:47 AM

I may not understand properly what you mean here, but isn't it the other way around?

You get it right, it's the other way round.

Quote from: ImThour on Today at 04:00:20 AM

Why are we even comparing 11th June, 2023 Bitcoin price with 2011 price? What Inflation corrected in market for Bitcoin? I am not even drunk mate.

Still your thread is way above my level of understanding.

Actually, what he says is not wrong, but it is partly true and partly not.

Quote from: mk4 on Today at 04:26:39 AM

Can you explain further your 30-40% thing? Cant see how you ended up with that number.

Cumulative inflation, as calculated by him.

Quote from: mk4 on Today at 04:26:39 AM

1. FIAT is just the trading pair. That's how markets work — you pair the asset with the most used asset for trading, which is fiat.

Yes, but what he says is not wrong. It's like me telling you that I bought a house for $500,000 and sold it after 10 years for $550,000. On the face of it I have made a profit but if cumulative inflation over that period is 30% I have lost money in real terms, not to mention that I have to pay capital gains tax on a profit that if we discount inflation I have not made.

What the OP is doing is deflating, I think it is called, the price of bitcoin measured in fiat, which is not bad but he is wrong when he says that bitcoin is inflationary, as the accumulated profitability beats inflation by far.