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118 sats \ 2 replies \ @joda 5 Mar \ on: Stop posting about price action. Stackers love Freedom bitcoin_beginners
I think Americans (which many bitcoiners are) don't see the relationship between Bitcoin "price" and inflation. Citizens of countries like Argentina are raised to think about currency devaluation and how to save purchasing power. SN users "get it": it's not necessarily great when assets skyrocket in price in your local currency.
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26 sats \ 0 replies \ @cryotosensei OP 5 Mar
I’m Singaporean and didn’t truly see the relationship between price and inflation until I digested your comment. Which made me count my blessings that my nation’s currency is relatively strong and definitely stable (for now). Thanks for the perspective!
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26 sats \ 0 replies \ @jp305 5 Mar
Exactly.
When I think about the price of BTC/CAD, I don't feel wealthier because it reaches 100k if my house has 2x and the bread is 3x in 9 years.
I will feel wealthy once I can buy a house in satoshi and that the price reflects the asset, not the speculation about CAD debasement.
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