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> Is it deflationary? Yes No, it isn't. A deflationary currency doesn't lose 50% of its value in one evening, as Bitcoin did recently.
by lottin 5y ago
> Is it deflationary? Yes
No, it isn't. A deflationary currency doesn't lose 50% of its value in one evening, as Bitcoin did recently.
- JohnJamesRambo 5y agoOn the timescale of a fruit fly yes. The price of Bitcoin was 10k a year ago. I think people will be fine right now at 50k.
- lottin 5y agoSo, your point is that bitcoin is deflationary because sometimes its price goes up and sometimes it goes down? Go look up what delation means.