Replying to Avatar Phil

You’re really down on Bitcoin, continually. I’d love to better understand your story. Are you an anti-Bitcoin person enjoying Nostr? A Bitcoin OG disillusioned by the current state of the community?
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dr.fred 3mo ago

most people who bought btc four years ago, have lost money.

the statists who are unable to think clearly compare btc with fake ponzi usd. why? many informed people know that the usd is completely fake, generated by banks out of thin air indefinitely. the value collapses permanently.

satoshi is from europe. the usa have nothing to do with btc.

if you compare btc with a half decent currency you made 45% in 4 years.

no one will dispute that prices rose more than 45% in 4 years. in some areas even in the usa prices rose 150-250%. house prices, meat, egg prices. in mexico prices rose 300% on average. in many south american countries prices rose 500%

if you owned btc in the last 4 years you became poorer.

if you owned gold in the last 4 years you became richer.

facts

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Phil 3mo ago

I appreciate the explanation, and agree that looking at BTC return purely in USD is not a good exercise for actual return. USD isn’t a good denominator for anything. But the 145% return you gave for gold…was that not also measured in USD? Seems like you can’t use different denominators when assessing gold and bitcoin. I think the takeaway is that gold has roughly been on par with Bitcoin over the last 4 years, and has outperformed YTD. Impressive, given its much-larger market cap

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dr.fred 3mo ago

you are right, the three year performance of gold was also measured in fake ponzi usd. divide it by 0.8 and you made 116% in 3 years. still much better than the 45% (today) in 4 years with btc.

i did not find the 4 year chart for gold in chf, a half decent currency among all crap ponzi fraud central bank worthless papers worldwide..

how much purchasing power do you think the usd ponzi has lost in the last 4 years? how much did it lose for you?

it is the number you need to exceed with your investments in order to keep your purchasing power positive.

where i live the fake money has lost more than btc has gained in the last 4 years. holding btc made you poorer.

do not trust the fake accounting of statist saylor and co.

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