3 ms·
> A stable and 100% predetermined issuance schedule, along with its scarcity, it's what makes Bitcoin a good store of value. The steady uptrend in prices is the
by throw0101c 3y ago
> A stable and 100% predetermined issuance schedule, along with its scarcity, it's what makes Bitcoin a good store of value. The steady uptrend in prices is the consequence.
"Steady"? What definition of "steady" are you using?
It peaked at US$ 75,000/BTC in Spring 2021, dropped to $40,000/BTC in Summer 2021, went up to $80,000 in Autumn 2021, did a continuous slide down to the $30,000 range in late 2022 and stayed there (dipping all the way to $22,000), it's now been in the $35,000 range for the last few months of 2023, and has jumped to $45,000 range recently.
* https://finance.yahoo.com/quote/BTC-USD/ https://finance.yahoo.com/quote/BTC-USD/
IMHO that's even more ridiculous than gold (at least in the same time period):
* https://goldbroker.com/charts/gold-price/usd#historical-chart https://goldbroker.com/charts/gold-price/usd#historical-char...
- latchkey 3y ago> has jumped to $45,000 range $35,000
- josu 3y agoThe 4-year moving average is only up: https://buybitcoinworldwide.com/charts/4-yr-ma/ https://buybitcoinworldwide.com/charts/4-yr-ma/
- woobar 3y agoIt peaked at US$ 75,000/BTC in Spring 2021, dropped to $40,000/BTC in Summer 2021, went up to $80,000 in Autumn 2021, did a continuous slide down to the $30,000 range in late 2022 and stayed there (dipping all the way to $22,000), it's now been in the $35,000 range for the last few months of 2023, and has jumped to $45,000 range recently. * https://finance.yahoo.com/quote/BTC-USD/ https://finance.yahoo.com/quote/BTC-USD/ I am not sure why did you pick random numbers that are not supported by your own chart to illustrate your point. BTC did not reach $75K or $80K, it dipped below $22K, and it is not at $45K now.