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A comment on Coinbase plans to add $500M worth of crypto to its balance sheet. Parent comment

Re:Coinbase plans to add $500M worth of crypto to its balanc... by lottin on Monday August 23, 2021 @07:48AM (#28274466)
> Is it deflationary? Yes

No, it isn't. A deflationary currency doesn't lose 50% of its value in one evening, as Bitcoin did recently.

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Re:Coinbase plans to add $500M worth of crypto to its balanc... by JohnJamesRambo on Monday August 23, 2021 @08:06AM (#28274601)
On the timescale of a fruit fly yes. The price of Bitcoin was 10k a year ago. I think people will be fine right now at 50k.
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Re:Coinbase plans to add $500M worth of crypto to its balanc... by lottin on Monday August 23, 2021 @08:18AM (#28274687)
So, your point is that bitcoin is deflationary because sometimes its price goes up and sometimes it goes down? Go look up what delation means.
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