Been afk for most of the day...
What’s the narrative this time for the bitcoin volatility?
Discussion
Silvergate , usa department of justice moved it's coins , Powell want to raise rates to recession...
What volatility?
What volatility? USD / BTC only changed a few hundred sats. Do you realize bitcoin is direct competition to fiat and you are comparing them in the wrong direction? $1 dollar has been less than 5000 sats for years now. Currency vs currency, not currency vs stock/bond.
Thing is, I have not specified any direction…
Sure you did, you are pricing bitcoin in the thing it is fighting and reading charts like it is a stock. Looking at bitcoin from that direction looks like volatility. Like asking horse riders to compare horse power in engine power, which car makers still do for some dumb reason.
Looks like a flat line to me.
Looks like you're from Twitter
Welcome to nostr!
🫂
I never got into Twitter. I tried Reddit but it is too censored. I am into bitcoin, since 2009, when I mined on a 2005 Sony Viao.
I'm glad I'm a little crazy or else watching you folks go through these cycles over and over would've drove me nuts.