I measure the ATH in ounces of gold.
Discussion
Good insight
Nice view
Exactly what I say. Change your yardstick. When measuring the value of hard money, it should be measured against another form of hard money. Gold is the next best thing on that scale so is by far the best denominator to use.
Exactly this
Seems reasonable. It doesn't really make sense to compare sound money to unsound money. Gold may not be a currency, but I still consider it to have the important properties of sound money.
It seems like this method will allow you to see whether Bitcoin is growing in value or just reflecting fiat debasement. There are also many fiats to consider. I may start doing this.
Me too 😇 but in grams
Just be patient...
So, new ATH in 5...4...3...
Me to eassier to translate 🤙
That's fair
🏆
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This is good to track, except I cant get paid in gold or bitcoin (yet) only USD.
This is the way. Hard money metrics.
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Nice. I use kg
You might also appreciate this chart with the market cap up to around new years in kg of gold
Never thought to pay attention to this. New metric unlocked.
I measure my ATH in how many bong rips I’ve been doing
