/biz/ - Business & Finance

There is a big difference between predictable steady decrease in prices (not deflation) caused by fixed supply of money combined with economic growth, and a deflationary shock caused by evaporation of credit (1929, 2008). The first promotes long-term planning and benefits savers. The second is a consequence of inflation driven by central banks and causes depression, unemployment, revolutions.

Also, let's clear up the terminology. Inflation is increase in the stock of money, increase of prices can be the consequence. Keynesians, governments and media started calling the increase in prices inflation, because it obfuscates the increase in money stock. If people realize that new money was created, they might start asking questions like who created it, who got it first before the markets adjusted their prices etc.
Before the invention of Bitcoin, all money was inflationary (even gold increases it's stock by roughly 1.5% a year).

>>2752447
Talk with your boss, learn what are their new requirements and demand a raise according to the market price of such position. Start looking for a job on the side just to increase your chances of a positive outcome.

If you are young, it might be benefitial to accept lower than market rate salary if it's worth the experience to significantly increase your value a year down the road.

I stopped dealing with shitcoins long time ago, but I've recalled I'm still holding 550k of Dogecoin (I was among the first miners).

At the height of its price I could have gotten over 1.5 BTC, but of course I held the bag like an idiot and then forgot about it altogether.

So whats the general price prediction now? At the moment it looks like its pretty low and likely going further down (who would have guessed that about a two years dead memecoin).