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Money definitely goes up, it also goes down. What's important is what you compare it to. The USD has been going down for a long time, compared to EUR for exampl
by capableweb 6y ago
Money definitely goes up, it also goes down. What's important is what you compare it to. The USD has been going down for a long time, compared to EUR for example.
- nonameiguess 6y agoBad memory? The first ever EURUSD exchange rate was 1.2034 in December of 2003. Today's rate is 1.2042. It has most certainly not been going down for a long time.
- nihonde 6y agoNow do BTCEUR and BTCUSD.
- nonameiguess 6y agoThey're not paying in BTC. Here is all-time STORJUSD: https://coinmarketcap.com/currencies/storj/ https://coinmarketcap.com/currencies/storj/ Looks like no pattern at all except occasional extreme spikes followed by crashes back to where it was before.
- capableweb 6y agoNo, but I think I forgot to qualify what time range means "a long time" for me, something like the last 5 years. Anyway, it's besides the point, the point is that "money" besides cryptocurrencies also changes value over time.
- nonameiguess 6y agoThe last five years is regression to the mean after the EURO tanked in 2015 due to Greece defaulting on its sovereign debt.