Post
Topic
Board Speculation
Merits 3 from 3 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
psycodad
on 21/05/2025, 13:32:56 UTC
⭐ Merited by vapourminer (1) ,Hueristic (1) ,JayJuanGee (1)
Happy for you guys but do you sometimes look at other charts than $/BTC?

Fuck stocks and Fuck shitcoins. Fuck $USD.

Bitcoin only.

FTFY

SaintFlow is right though. While this thread is specifically about BTC/USD tracking, the real ATH will happen when it applies to all world fiat currencies.

Oh well, it's even worse with that petro-shitcoin than I feared. While being enthusiastic about eyeing a new ATH, I checked against my local fiat currency:

Current ATH sits according to Kraken at CHF 99'300 at 19th of January this year. Currently corn is trading at ~ CHF 88'500. So I personally am more than 10% away from a real life ATH.

Current ATH compared to Gold happened around the same time with with roughly 38 oz / piece of corn, now it is trading at ~32.2 - almost 20% under an ATH.

I am not going to celebrate a new ATH before >$120k and that is under the premise that his orange majesty Dollar Dump doesn't manage to devalue the $ even more (admittedly, it seems he is amazingly good at that and the pace is unprecedented).

My point is, measuring BTC against USD has become truly self-deceiving.

Maybe it's time to indeed measure against something meaningful like kg of ramen for one bitcoin.