Quote from: franky1 on Today at 11:26:35 AM

the OP chose a $1 btc on specific date of 2011 to try to set a bad premiss.. .. because in 2011 the price of bitcoin ranged from $0.30-$30
meaning he could have chose any other random date of 2011 and it would have produced different results

EG if he picked the $0.30 price date, the 'inflation correction" of today would show a different amount to his inflation adjusted position of $12k calculation

inshort if he picked the price of july 11th next month for a 2011-2023 comparison .. his maths would be totally different to this months math. making his math pointless

Yes Sir,

you are right. To pick 1 USD was arbitrarily. To chose 0.0001 or 0.30 or 500 USD would also be. This is not my point exactly. (It is more compex of course: Mining costs, past overall wins and loses of traders, ....)

Quote from: Blitzboy on Today at 04:25:52 PM

You raise some provocative points here, with an edgy touch! Has Bitcoin's growth been as stellar as we've been led to believe? What happens when we throw inflation into the mix? (...)

Yes Sir, exactly - this is my point more. Sorry, for the language barrier. It makes it a little bit hard to explain.[

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.

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, Ma'am/Sir,

this is the challenge: BTC is mostly just in trading pairs with FIAT or with other assets, which have also just trading pairs with FIAT. I think trading pairs f.E with futures (goods) or real goods would be better. Better to compare and to step away from FIAT's inflation.

I also think to compare right (inflation corrected) you cannot take just one market position, you should also have a view of the overall market position and trading volume.

My main point was, that the huge win with Bitcoin is not a hundert percent true. But yes, of course, when you get one on the 0.0001 or 20 USD level, then you made huge profits.