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Kinesis
#71
(2020-02-17, 06:41 PM)Hugues Wrote: Gold reached a new ATH.

Yes, but if you take inflation into account it's not an all time high. This chart only goes to 2015 but you get the idea.

[Image: inflation-adjusted-gold-price.png]
Cardano is the most promising 3 gen. crypto right now.


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#72
My mistake. Highest level since 2013.
Never take inflation into account. If you do you should also do this for cryptos.
What is this thing that builds our dreams, yet slips away from us?

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#73
(2020-02-17, 07:58 PM)Hugues Wrote: My mistake. Highest level since 2013.
Never take inflation into account. If you do you should also do this for cryptos.

Okay, but why shouldn't we take inflation into account? What matters is what you can buy for 1 oz of gold at any given time. If gold price is $1000 for oz in 1950 and you could buy a car for that money and in 2021 1 oz is $10000, but you can only buy a bicycle then it's because of rising prices and therefore inflation.
Cardano is the most promising 3 gen. crypto right now.


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#74
(2020-02-17, 09:33 PM)Carsten Wrote:
(2020-02-17, 07:58 PM)Hugues Wrote: My mistake. Highest level since 2013.
Never take inflation into account. If you do you should also do this for cryptos.

Okay, but why shouldn't we take inflation into account? What matters is what you can buy for 1 oz of gold at any given time. If gold price is $1000 for oz in 1950 and you could buy a car for that money and in 2021 1 oz is $10000, but you can only buy a bicycle then it's because of rising prices and therefore inflation.

That's correct, but we should also take it into consideration with cryptos.
If BTC is worth $10000 today and over a year $10500. Then you can say it went up with 5%. If the price of for example 10 TVs today cost $10000 and next year $11000...
We have the same problem.
What is this thing that builds our dreams, yet slips away from us?

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#75
(2020-02-17, 10:07 PM)Hugues Wrote:
(2020-02-17, 09:33 PM)Carsten Wrote:
(2020-02-17, 07:58 PM)Hugues Wrote: My mistake. Highest level since 2013.
Never take inflation into account. If you do you should also do this for cryptos.

Okay, but why shouldn't we take inflation into account? What matters is what you can buy for 1 oz of gold at any given time. If gold price is $1000 for oz in 1950 and you could buy a car for that money and in 2021 1 oz is $10000, but you can only buy a bicycle then it's because of rising prices and therefore inflation.

That's correct, but we should also take it into consideration with cryptos.
If BTC is worth $10000 today and over a year $10500. Then you can say it went up with 5%. If the price of for example 10 TVs today cost $10000 and next year $11000...
We have the same problem.

Yes we have the same problem with crypto. Let's just hope for more crypto adaptation so we don't need to convert to fiat.
Cardano is the most promising 3 gen. crypto right now.


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