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My dollars keep losing value too. Since bitcoin came out in 2009 my dollars have lost 28% of their value to inflation[0]. [0] https://www.in2013dollars.com/us/
by smithcoin 4y ago
My dollars keep losing value too. Since bitcoin came out in 2009 my dollars have lost 28% of their value to inflation[0].
[0] https://www.in2013dollars.com/us/inflation/2022?endYear=2009&amount=1 https://www.in2013dollars.com/us/inflation/2022?endYear=2009...
- jredwards 4y agoDollars aren't a stable store of value either. It's baked in that the fed aims for low but positive inflation. Meanwhile, the S&P 500 is up nearly 500% since 2009.
- EVa5I7bHFq9mnYK 4y agoThat's shameless cherrypicking) We can also say that S&P only returned 51% since the start of this century, adjusted for inflation.
- jredwards 4y agoWasn't trying to cherrypick, I used his date. My point is just that currency is a an effective medium of exchange, not an effective store of value.
- paulpauper 4y agodollars didn't fall 80% in a year, unlike bitcoin
- sparkie 4y agoThey fell 99% in 99 years, unlike Bitcoin.
- EVa5I7bHFq9mnYK 4y agodollar fell in 100% of years