Bitcoin dropped 0.68% 2 days ago, rose 1.13% yesterday, and has dropped 0.93% today. By comparison, the dollar dropped 0.00995% in the last 24 hours compared to the Euro, with the largest change being a +0.14703% change compared to the Australian dollar.
On Jan 1st, 2018, 1 bitcoin was worth $15,196.60. One year later, it was worth $3,851.92. As of this moment, it’s worth $61,721.47, has dropped 6.11% this week, and gone up 10% in the last 30 days - making it worth $5,613.31 more than it was at the start of September.
Since 2017, 1 bitcoin has gone up 1,291.05% in value. 1 USD in 2017 is worth $1.28 today - an increase of 28% over 7 years and an average inflation rate of 3.64%. The current inflation rate compared to the end of last year is now 2.53%. If this number holds, $1 today will be worth $1.03 next year.
Tell me which one is the more stable currency to base your product’s prices on. Pricing things in Bitcoin is like pricing them in stocks.
or like The fluctuations in gold, silver, fiat or commodities when they first appeared in the market.
Good thing none of those panned out or you wouldn’t have a leg to stand on.
Oh, yes, let me go and buy me weekly groceries with a lump of gold like I’m a fucking leprechaun, because clearly gold and silver are still used as currency all around the world. /s
good luck.
It’s an interesting idea, but it’ll be tricky to pull off because governments and corporations have convinced you and everybody else that pieces of paper and promissory digital notes are more valuable than material resources.
