this post was submitted on 04 Aug 2024
715 points (87.0% liked)
Technology
59989 readers
2324 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I can go to the supermarket next week and milk will cost about the same in dollars as it did this week because the value does not change that rapidly.
Not true with Bitcoin.
If you live in america and you are lucky the price of thing stopped increasing perhaps it will cost the same. If you live in any other part of the world that use a different currency the price may be different
I do live in America and why you think milk costs significantly more from one week to the next I don't know. Even if the price rises, we're talking pennies per week. Far less than Bitcoin fluctuates.
I have no idea why you're even trying to argue that the dollar fluctuates as much in value as Bitcoin because that's just demonstrably false. This is the current fluctuation of Bitcoin value. If the value of a dollar changed by one percent in a day, that would be huge. Seven percent? That would be a disaster.
JPY to USD +6.70% (1W)
Cool. You found the one currency the dollar had a lot of fluctuation against in the past week. Good job. Too bad it's the dollar and the euro whose values are the ones that generally match each other and how it's usually measured.
Also too bad I gave you lots of weeks and you gave me one.
Go ahead and let me see your source though. Here's mine:
https://www.investing.com/crypto/bitcoin/historical-data
It's already significantly changed percentagewise since I posted that screenshot from less than an hour ago. It's now +1.9%. Even the dollar vs. the yen did not change that much in less than an hour.
This is a ridiculous hill to die on. This is such a known problem with Bitcoin that stablecoins had to be invented.