Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
@Richy_T:
Whoa. So even when BTC dollar price goes up, its actual value is still tanking... Nice to know.
Whoa. So even when BTC dollar price goes up, its actual value is still tanking... Nice to know.
I know you're trolling but I hope others can see how disconnected from logic and mathematics that statement is.
What are you suggesting by posting that chart?
That there is an oversupply of dirty fiat and financial instruments are in a bubble. I was simply answering hdbuck's question of where people are getting all this money from.
"So even when BTC dollar price goes up, its actual value is still tanking... "
If BTC $ price doubles while the the dollar's value falls by more than 50%, BTC's actual value has fallen.
Now you know.
Stop being naughty. Narrow money is not the value of the dollar!
That brings us back to "What are you suggesting by posting that chart?"
Yes but it gets all complicated when you add credit and base money together
The question stands: What was the intended message of that chart, beyond "oooh, scary!"?
I didnt post it. But try comparing it a chart of bitcoin issuance from 2009 to 2140