@scottalanmiller said in Bitcoin Takes Another 10% Hit on SEC Warning:
@pmoncho said in Bitcoin Takes Another 10% Hit on SEC Warning:
@scottalanmiller said in Bitcoin Takes Another 10% Hit on SEC Warning:
@pmoncho said in Bitcoin Takes Another 10% Hit on SEC Warning:
The value of that same dollar (according to the chart) is roughly $.10.
Right, but the value of $1 is always $1. Saying that $1 = $.10 is nonsensical.
Let's use another description, does purchasing power work? A $1 in 1913 has the same purchasing power as $.10 in 2013. There are multiple forces at work with the main force being the Federal Reserve devaluing the dollar.
Unfortunately, the Fed started out with a useful purpose but has turned into a Money Printing machine.
Yes, but the chart doesn't list that. If the left had chart is the 1913 dollar, it doesn't denote that anywhere.
To me the chart has a Full $1 at the top and it starts with the year of 1913 and the green graph (representing money) depletes as it goes down the time line on the right. Along with the title of the graph, it seemed self-explanatory to me. Sorry if it was confusing.