You're basically making the argument that every investment is automatically going to fail.
Terrible take.
No, @edicted, I didn’t say that – that is what you said. I said one simple thing – you cannot expect inflationary currency to grow against deflationary one.
Meanwhile Bitcoin isn't even deflationary.
This means you really don’t know what inflation and deflation means.
And BTW, I didn’t say all of this to defend Bitcoin. It doesn’t care about what you think of it. I said it so the people does not expect Hive ever goes stronger against Bitcoin. IT WILL NOT HAPPEN. This is the trend:
1st time $BTC hit 70K, $HIVE was $0.432
2nd time $BTC hit 70K, $HIVE was $0.438
3rd time $BTC hit 70K, $HIVE was $0.305
Now $BTC hits 70K for the 4th time, $HIVE at $0.193
@themarkymark/re-peaksnaps-sm5pdp
And it will inevitably go down.
RE: Does Inflation Determine Price?