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Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
xhomerx10
on 07/06/2022, 18:28:09 UTC
⭐ Merited by JayJuanGee (1)
Don't put all of your eggs in one basket.

I guess this is what those geniuses over at the Fed do with all their free time, when they are not busy destroying the global economy.  Roll Eyes

Totally.

However, compared to the first 4-5 years of BTC's existence, it's really mind blowing who is talking/writing about Bitcoin nowadays.

 The funny thing about that is, the default graphs only go back to Jan 2021 so they can make their comparison between bitcoin and the US dollar.  Funny how the graph seems to coincide with their point until you zoom out a bit and then...

 

 The graph only goes back to somewhere in 2015 for bitcoin but it seems as though you can afford nearly and infinite number of eggs now with your 2015 bitcoin whereas the volatility of eggs prices in US dollars is unbelievable going from a high of $2.96 to a low of $1.20  and back again in a rollercoaster-like fashion!  How is a homemaker supposed to budget groceries with that sort of volatility?!  Fuck you FRED for the disinformation (which for those of you who don't yet know is  purposeful misinformation).