Bitcoin loses half of its value in two-day plunge

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pmward
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Re: Bitcoin loses half of its value in two-day plunge

Post by pmward » Mon Mar 23, 2020 9:58 am

bitcoininthevp wrote:
Mon Mar 23, 2020 8:56 am
Ad Orientem wrote:
Sun Mar 22, 2020 1:04 pm
GLD is currently down not quite 2% YTD, Bitcoin is down about 17% YTD.
Not a surprise that the smaller more speculative asset gets hit more. Not so much informative about YTD numbers.

More curious as to how gold and bitcoin will behave moving through this crisis, which seems to be deflationary, and transitioning into what I see as an inevitable highly inflationary environment. AKA does this deflationary period last weeks, months, 18 months? You all might know more about deflationary situations like this have played out in the past?
Inflation has a lag. We aren't going to switch from deflation to inflation overnight. Inflation likely isn't really possible to become a problem for at least a couple years. Right now, they are still way behind the ball, the "inflation" they are generating isn't enough to even keep things stable.
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