Re: $🐻 The Dollar Bear says its time to DuPM!!!11 Your dollars!
It’s Official: We (TINW) need to start pricing dollars in sats.
As a longtime Dollar Bear™, this has long been fundamental to my mental arithmetic based on proven maths and confirmed science. Flippen your price quotes from USD per BTC to satoshis per dollar! It is a radically revolutionary revelatory new way of thinkening.
Just over a decade ago, the dollar was priced at about 400,000,000,000 sats (400 billion sats!). (This price is based on a guesstimate of how many dollars jercos actually paid for laszlo’s pizzas.) Around the time that I first joined this forum, I recall that the dollar was hovering around 83,000 sats. In late 2017, the dollar fell to 5000 sats and then bounced back, with dollar bulls riding high. By last year, I had developed a habit of thinking of a dollar as being worth about 10k sats, more or less.
Now that the dollar has plummeted to under 1800 sats, what is next?
I expect to see the dollar struggle to hold a price floor around 1666 sats, before it breaks through and falls to the next floor at 1500 sats. I do expect that in the near term, the dollar has a high risk of falling below 1000 sats. If the dollar loses half of its current value within the next year, that will take it into the high three-digit range!
If that sounds excessively bearish, just remember that per the above numbers, the dollar has already lost about 99.9999995% of its value as priced in sats. When the dollar hits 1000 sats, it will have lost 99.99999975% since May of 2010.
Of course, I would not be an Officially Certified Dollar Bear™ if I did not expect for the dollar to hit 100 sats (1¢ = 1 sat), or even lower ($1 ≤ 1 in a dollar hyperinflation scenario?). But perhaps, that may take a bit longer—perhaps.
If you have dollars, DuPM!!!11
Naturally, I am also a Eurobear. €DuPM before the € strongly breaks below the magical 2k sat mark, which the dollar has already subpassed!
As a longtime Dollar Bear™, this has long been fundamental to my mental arithmetic based on proven maths and confirmed science. Flippen your price quotes from USD per BTC to satoshis per dollar! It is a radically revolutionary revelatory new way of thinkening.
Just over a decade ago, the dollar was priced at about 400,000,000,000 sats (400 billion sats!). (This price is based on a guesstimate of how many dollars jercos actually paid for laszlo’s pizzas.) Around the time that I first joined this forum, I recall that the dollar was hovering around 83,000 sats. In late 2017, the dollar fell to 5000 sats and then bounced back, with dollar bulls riding high. By last year, I had developed a habit of thinking of a dollar as being worth about 10k sats, more or less.
Now that the dollar has plummeted to under 1800 sats, what is next?
I expect to see the dollar struggle to hold a price floor around 1666 sats, before it breaks through and falls to the next floor at 1500 sats. I do expect that in the near term, the dollar has a high risk of falling below 1000 sats. If the dollar loses half of its current value within the next year, that will take it into the high three-digit range!
If that sounds excessively bearish, just remember that per the above numbers, the dollar has already lost about 99.9999995% of its value as priced in sats. When the dollar hits 1000 sats, it will have lost 99.99999975% since May of 2010.
Of course, I would not be an Officially Certified Dollar Bear™ if I did not expect for the dollar to hit 100 sats (1¢ = 1 sat), or even lower ($1 ≤ 1 in a dollar hyperinflation scenario?). But perhaps, that may take a bit longer—perhaps.
If you have dollars, DuPM!!!11
Naturally, I am also a Eurobear. €DuPM before the € strongly breaks below the magical 2k sat mark, which the dollar has already subpassed!
Fixed your title.