• EldritchFeminity@lemmy.blahaj.zone
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    3 months ago

    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.

    • Varyk@sh.itjust.works
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      3 months ago

      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.

      • Eccitaze@yiffit.net
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        3 months ago

        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