RE: RE: Does Inflation Determine Price?
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RE: Does Inflation Determine Price?

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2y

You're basically making the argument that every investment is automatically going to fail.
Terrible take.

No, edicted@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.