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What I'm watching... đź‘€

Mainstream financial media is cheering the strong performance of the S&P 500 over the past year, which has been approximately 26% in US dollar terms.

Unfortunately (for fiat brains), in real (#bitcoin) terms, the S&P 500 index actually has had a rough trailing 12 months, and is down approximately -45%.

Lesson:

Choose your denominator--your measuring stick--carefully. Or you will lead a frustrating and stressful life.
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plebeian ewok 1y ago

But my -45% performance isn’t as volatile

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Lucas Maia 1y ago

Volatility of bitcoin in bitcoin is null.

Bitcoin is only volatile because of the degeneration of the fiat currencies.

During Weimar’s Republic, due to hyperinflation gold used to swing 20% down and 200% up.