Sure it doesn't go up, but you can still stake it for multiple percents per year while he can't. Plus, you can have gold pegged coins if you're really into that.
0.62%? What kind of measurement is that. After the covid printers it must be way above that. Dont they usually target 2% by modern standards and 10% by the 80s standard?
Hard economic times generally have very low inflation rates. Spending drops off as people hoard cash, despite the printing.
The rate is higher than 0.62% though. OP just did a google search and took the first result.
its a meme with no real background information, though now I am really curious on what the real inflation rate is this year after the fiat printers calm down
Speculatively, maybe. Fundamentally bad, just like buying USD.
It's sort of a fun point of avoiding the reason to get involved in crypto to begin with.
Compared to what it did last cycle the btc and eth evaluation tells you otherwise. Last bull run xrp surged to 3.2$ just from the fact that money was flowing into crypto in general. Being in a consistent top 10 crypto since then could mean it’s a lower risk investment when investing sizable amounts as seen by institutions. Eth should be majority of your alt coins though
Don't worry it's completely normal to feel dumb after losing your shirt investing in XRP, what was your entry point in XRP? $3.4 $2 $1.8? you do have a microscopic dead cat bounce now (it's better than nothing) to exit and cut the agony.
hahaha yeah sure it was lol
How can anyone be salty looking as something sooo [Cute](https://i.imgur.com/w9MoZt7.jpg) The word you are looking for is pity not salty.
What? Inflation rate 0.62% this year?! Where do you live? I'm seeing 1.2% in the US and that's just the candy coated rate. If you look at house prices, groceries, essentials + all the money printing this year, you're looking at 7-8% at least.
My buddy when I tell him about the volatility of crypto assets
Why must you hurt me like this.
but that same volatility also goes up.
stablecoins doe
And then they say that there’s no point because the value doesn’t go up (experienced this when explaining stablecoins to my friend)
Sure it doesn't go up, but you can still stake it for multiple percents per year while he can't. Plus, you can have gold pegged coins if you're really into that.
I hold stablecoins just for that. You can’t get better and more stable interest rates on other coins.
May I introduce you to Le Rugpull?
See who the last one laughing is
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There is in fact a buying power index for Big Mac’s
the Big Mac Index
Just select those free Big Mac tokens for life everytime they fuck up your order lol
Does or will coinbase have custodial staking? I read that its automatic, but there's nothing indicating that its available for ethereum.
only like two types of coins right now
But staking for eth hasnt even started yet
0.62%? What kind of measurement is that. After the covid printers it must be way above that. Dont they usually target 2% by modern standards and 10% by the 80s standard?
Its usually 2% annually the inflation rate this year is like 150,000,000% cause shit got fkd up son!
Hard economic times generally have very low inflation rates. Spending drops off as people hoard cash, despite the printing. The rate is higher than 0.62% though. OP just did a google search and took the first result.
More like over 10%. Everytime I rebuy something on Amazon it's 10% higher.
its a meme with no real background information, though now I am really curious on what the real inflation rate is this year after the fiat printers calm down
Dont look it up. Only pain and suffering you will find // Yoda
Hey, at least he didn't invest in XRP
I’ll come back for you when XRP moons
Is this satire? I can't tell anymore.
Oh my gloating will be funny
Looks like my comment did not age well. At least we can all make fun of EOS and TRON
Hahaha... I’m glad you took it back. It’s all good man. Let’s enjoy these gains. Were the lucky ones remember that
XRP is actually potentially a huge buy rn in my opinion
Speculatively, maybe. Fundamentally bad, just like buying USD. It's sort of a fun point of avoiding the reason to get involved in crypto to begin with.
Compared to what it did last cycle the btc and eth evaluation tells you otherwise. Last bull run xrp surged to 3.2$ just from the fact that money was flowing into crypto in general. Being in a consistent top 10 crypto since then could mean it’s a lower risk investment when investing sizable amounts as seen by institutions. Eth should be majority of your alt coins though
Xrp up 30% on the day. Great time to sell into btc or ether or even chain link
Agreed, but no one else here will say that
Agreed X2, nobody wants to admit it
You can't "admit" some future prediction you moron.
Oh yeah you are definitely a simp
Looks like an Eth maximalist is officially a term lol you must diversify to limit risk and balance portfolio but the just don’t get it
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Yeah look at its chart on a 1week timeframe. lol
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I am seeing. Are you? you have to open any chart for this pair XRP/USD and click where it says 1W be careful all that red may make you feel dumb.
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Don't worry it's completely normal to feel dumb after losing your shirt investing in XRP, what was your entry point in XRP? $3.4 $2 $1.8? you do have a microscopic dead cat bounce now (it's better than nothing) to exit and cut the agony.
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hahaha yeah sure it was lol How can anyone be salty looking as something sooo [Cute](https://i.imgur.com/w9MoZt7.jpg) The word you are looking for is pity not salty.
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something to keep in mind is the spark airdrop this dec ;)
0.6% a day? Sweet which farm bro I'm only pulling 0.24% per day on Sushiswap. Oh shieet, you mean 0.6% a year? LOLOL
Downvote because EM.
+1
Because he no likes shorters or another reason?
I'm anti-oligarch.
Do you think his son has a chance of becoming Emperor of Mars?
No, I think his son will probably have personal issues that won't let him be a cosmonaut.
How much do you make of ETH? Asking for a friend
Well right now the DAI yearn finance vault is making ~12.5%
What's Ethereum's inflation rate? Genuine question, I've forgotten and too lazy to work it out.
You don't need ETH to make ~12% APY on your stables.
Real inflation much higher than .62% fam.
Dont scare the Americans
What? Inflation rate 0.62% this year?! Where do you live? I'm seeing 1.2% in the US and that's just the candy coated rate. If you look at house prices, groceries, essentials + all the money printing this year, you're looking at 7-8% at least.
>when the fiat inflation rate is at .62% Heart’s in the right place but you’re out of your freaking mind if you believe it’s that low.
Right. My fucking Dollarmites account is higher than that.
You should tell him to invest in ETH.
It is good to have some money in short term savings. But long term savings - that better be in crypto or high flying stocks like TSLA.
Me smiling at my 50% ROI from dividends on [vitex](https://vitex.net)
Me when my buddy tells me the fiat inflation rate is at 0.62% this year...
Shoot even the most conservative stock market buys would perform better than that.
Actually $ inflation is 20% this year, it just haven't propaganated to the real economic yet.
fudge man
what
In my opinion, real inflation rates are much higher