@Richy_T:
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.
Yes. But if BTC's price goes up by 10% and the dollar falls by 5%, you're still ahead. And if BTC's price goes up by 5% and the dollar falls by 10%, that would not even be close to "tanking" so
"when BTC dollar price goes up, its actual value is still tanking"
is the usual lie.