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Started By
Message
1
Posted on 10/1/21 at 7:32 am to Strannix
sorry it was a poor attempt of satire 
there have been a few of us trying to warn em
there have been a few of us trying to warn em
Posted on 10/1/21 at 7:36 am to rocket31
Apologies I'm an idiot
Been up working since 4AM
Been up working since 4AM
Posted on 10/1/21 at 7:37 am to Strannix
Posted on 10/1/21 at 7:40 am to rocket31
I guess I have to buy an overpriced house, now.
Posted on 10/1/21 at 9:05 am to SlowFlowPro
if we use the same measures for inflation they had in the 80s. we are running at over 14% atm
Posted on 10/1/21 at 9:12 am to rocket31
gotta love hedonic adjustments
Inflation made an item so expensive that people don’t buy it anymore, better exclude it from the data set so inflation looks reasonable
Inflation made an item so expensive that people don’t buy it anymore, better exclude it from the data set so inflation looks reasonable
Posted on 10/1/21 at 9:19 am to rocket31
quote:This gets dismissed so often but it is pretty relevant. I hear a lot of people dismiss current inflation by saying "At least we didn't live in the 80s"
if we use the same measures for inflation they had in the 80s. we are running at over 14% atm
Posted on 10/1/21 at 10:38 am to rocket31
quote:
we use the same measures for inflation they had in the 80s. we are running at over 14% atm
Any link to this information? I’d like to read it.
Posted on 10/2/21 at 6:29 am to Ross
quote:
Inflation made an item so expensive that people don’t buy it anymore, better exclude it from the data set so inflation looks reasonable
Its actually quite incredible, Bubba cant afford steak anymore so he buys spam instead at the old steak price.
Progtard economists therefore reason he saw no inflation.
Posted on 10/2/21 at 8:52 am to slackster
Posted on 10/13/21 at 7:42 am to Strannix
CPI came in hot again at 0.4% (5.4% YoY). Core CPI (stripping food and energy) rose 4.0% YoY
“transitory”
“transitory”
Posted on 10/13/21 at 8:09 am to SlowFlowPro
quote:just did it.
guess I have to buy an overpriced house, now.
But got to sell one too
Posted on 10/13/21 at 8:40 am to Ross
certainly shocking how right us bitcoin plebs were about all this inflation stuff while the tradfi turds got it completely wrong
lol
lol
Posted on 10/13/21 at 11:03 am to rocket31
quote:
certainly shocking how right us bitcoin plebs were about all this inflation stuff while the tradfi turds got it completely wrong
Bitcoin is down 13% since this thread was started.
Eta- I own it, and I’ve made crypto about 8% of my net worth, but you’re always stepping in it.
This post was edited on 10/13/21 at 11:04 am
Posted on 10/13/21 at 11:12 am to slackster
according to Bitfinex BTC opened at $55,960 on April 8, 2021 and closed around $58k
we are at $56,100 at the moment and probably gonna hit ATH as soon as the resistance at $58k is broken, I’m not sure what the -13% is from
we are at $56,100 at the moment and probably gonna hit ATH as soon as the resistance at $58k is broken, I’m not sure what the -13% is from
This post was edited on 10/13/21 at 11:13 am
Posted on 10/13/21 at 11:13 am to slackster
always pretty amusing that you continually use arbitrary metrics to justify yourself like "when this thread was made"
many of us had the Bitcoin as an inflation hedge thesis when it was well under 10k and before the mainstream inflation narrative
doesn't make as much sense to buy it as inflation hedge after the fact
many of us had the Bitcoin as an inflation hedge thesis when it was well under 10k and before the mainstream inflation narrative
doesn't make as much sense to buy it as inflation hedge after the fact
This post was edited on 10/13/21 at 11:16 am
Posted on 10/13/21 at 11:16 am to Ross
quote:
are at $56,100 at the moment and probably gonna hit ATH as soon as the resistance at $58k is broken, I’m not sure what the -13% is from
he's been so wrong, he now copes by lying on this forum. it's been quite the melt for anyone paying attention
Posted on 10/13/21 at 11:17 am to Ross
quote:
according to Bitfinex BTC opened at $55,960 on April 8, 2021 and closed around $58k
we are at $56,100 at the moment and probably gonna hit ATH as soon as the resistance at $58k is broken, I’m not sure what the -13% is from
Apparently the Voyager chart I pulled up must use weekly highs or something. It was showing the $64,900 price for 4/7.
Point still stands though - bitcoin is flat to down in nominal terms in a thread where rocket is taking a victory lap.
Posted on 10/13/21 at 11:18 am to slackster
quote:
where rocket is taking a victory lap.
I can bump several threads and do that daily at this point lol
This post was edited on 10/13/21 at 11:19 am
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