Darin on Nostr: Why does the price of bitcoin go DOWN when there’s market uncertainty and ...
Why does the price of bitcoin go DOWN when there’s market uncertainty and geopolitical unrest?
Shouldn’t the “price “ of bitcoin be inversely proportional to fiat since bitcoin is the opposite of fiat.
#Bitcoin represents work, security, flexibility, independence, energy, integrity (purity), transparency.
(A bitcoin is worth a bitcoin…..yeah yeah I get that)
But we pragmatically assign a fiat equivalent value to it.
INFLATION IS DEVALUATION.
Turbulent news tends to cause a loss of confidence in the US dollar. So why don’t we see a natural increase in the value of bitcoin when the market dips or becomes uncertain? (Like a see saw - one side goes up while the other side goes down.)
I have my thoughts but I want to hear yours without my (perhaps ignorant) opinion skewing anyone else.
NunyaBidness (npub1vwy…zugd)
jackspirko (npub1587…kv0n)
Shouldn’t the “price “ of bitcoin be inversely proportional to fiat since bitcoin is the opposite of fiat.
#Bitcoin represents work, security, flexibility, independence, energy, integrity (purity), transparency.
(A bitcoin is worth a bitcoin…..yeah yeah I get that)
But we pragmatically assign a fiat equivalent value to it.
INFLATION IS DEVALUATION.
Turbulent news tends to cause a loss of confidence in the US dollar. So why don’t we see a natural increase in the value of bitcoin when the market dips or becomes uncertain? (Like a see saw - one side goes up while the other side goes down.)
I have my thoughts but I want to hear yours without my (perhaps ignorant) opinion skewing anyone else.
NunyaBidness (npub1vwy…zugd)
jackspirko (npub1587…kv0n)