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Bitcoin Price Hits Fresh Record High Above $2,200 (cnbc.com)
An anonymous reader writes: Monday marks the seven-year anniversary of Bitcoin Pizza Day -- the moment a programmer named Laszlo Hanyecz spent 10,000 bitcoin on two Papa John's pizzas. More important than the episode being widely recognized as the first transaction using the cryptocurrency is what it tells us about the bitcoin rally that saw it break through the $2,100 mark on Monday. Bitcoin was trading as high as $2,185.89 in the early hours of Monday morning, hitting a fresh record high, after first powering through the $2,000 barrier over the weekend, according to CoinDesk data. Throughout the weekend, the value of cryptocurrency was looming around $2,000.
Deflation and Inflation are not a bad thing on their own.
If their rate is in balanced with the rest of the economy it isn't that big of a deal. If the economy slows a relative deflation is a good thing, because it will make our prices cheaper so it would be purchased more from other economies.
Inflation when the economy is good is also a good sign. As we can purchase more from cheaper economies.
The problem is when these go at a rate faster then the growth of the actual economy.
Deflation during a strong economy, causes over consumption where people buy things that they cannot really afford for the long term.
Inflation during a week economy, causes under consumption where people can't buy things that they need to simulate the economy.
If something is so important that you feel the need to post it on the internet... It probably isn't that important.