Gold ATH
👀
Discussion
Gold has rocketed up 🚀 and shows no signs of resistance!
Poor old Bitcoin has had its tweeds pulled down around its ankles for too long now!
128k by April Fools Day!
You heard it here first kids!
So you think there’s credence to Bitcoin “slingshotting” past precious metals?
Some good evidence that’s likely
But who knows!
Personally I think being bullish gold, inevitably, means your bullish Bitcoin
Only a matter of time Mr Whistle
I’m here for it 💯 %
I would be lying if I said I wasn’t incredibly irresponsibly long Bitcoin.
At the moment Bitcoin isn’t cutting the mustard!
128k by April Fools Day.
247k by Xmas Day.
Bitcoin is going to pull golds tweeds down before 2032.
You heard it here first kids!
IN DOLLARS
👀
Gold priced in Bitcoin, last decade.
Don’t use girl math!
Those 50-100% CAGR numbers the podcasters spruik are currently not happening.
Use man math - strong math - recent math!
I’m sick of Bitcoiners talking about ‘best asset of the decade’!
‘Best asset of the last 15 years’!
The days of 0.001¢ to $1,000 are over!
Hell, even the days of $1,000 to $20,000 in 4 years are over (20 x in one cycle).
Live in the now man!
> The days of 0.001¢ to $1,000 are over!
Disagree. We’re just crossing a wide chasm.
Price is psychology. $100k is the hardest psychological hurdle. Humans are not generally good at very large and very small numbers (decimals).
At $1M per whole coin, a sat costs $0.01. We’ll do a one time 1:100,000,000 split, keeping the BTC ticker.
Exchanges are disincentivized to make this change. They benefit from “expensive” Bitcoin since it gives people hope to day-trade in the shitcoin casino. At $1M per whole coin, the split will be undeniable.
Once we price in sats, everyone’s interests are aligned. We go from $0.01 to $0.02 overnight. It will be the return of volatility. The real FOMO moon pump begins.
I’m here for 1 million dollar BTC.
Don’t forget that $69,400 Bitcoin was 1,523 days ago.
A roughly 30% gain from last cycles top.
If Bitcoin can’t even double from last cycles ATH with more tail winds than Satoshi could ever have dreamed of, million dollar corn is while off.
Check the below ATH to ATH from cycle to cycle numbers:
2009 - 2013 - 3,000x
2013 - 2017 - 20x
2017 - 2021 - 3.5x
2021 - 2026 (now) 1.32x
Diminishing returns are undeniable…
Love this kind of chart
For so long I never knew you could measure value in different things
Playing around with the denominations is a key financial literacy step that most have never taken
More education needed
🙏🏻
In TradingView it’s pretty easy.
1. When entering your ticker, start with an equals sign “=“ to make a formula.
2. Divide by your intended denominator. For example, to see Gold priced in Bitcoin, the formula would be:
=XAUUSD/BTCUSD
The “USD”s cancel, just like dealing with units in chemistry or physics class, and you’re left with XAU/BTC.
3. Tweak the decimal point. TradingView is not good about showing significant digits. So depending on what you’re looking at you may need to bring it up or down. Multiply by a power of 10 to move the decimal.
So my Gold/Bitcoin formula is:
=XAUUSD/BTCUSD*10^4
This moves the decimal four places to the right. The chart will render exactly the same, but instead of numbers like “0.05”, you get numbers like “498.67”.
On log scale, the multiplier makes no difference. Log scales preserve proportional moves, so it’s like A/B vs (A*100)/(B*100). The ratio comes out the same, so the log scale charts look the same. The multiplier is just a convenience for legible numeric labels.
Here’s a fun chart:
=SPX/XAUUSD
That is, the S&P 500 priced in ounces of Gold. You can see that since 1971, when Nixon closed the gold window, you’ve basically BROKEN EVEN.
You were down in the 80’s, up in the dotcom boom, down in the GFC, but back to par now.
This chart shows that virtually all of the stock markets gains are the illusion of growth created by a depreciating fiat currency unit.
this is fun chart, but misses re-investment of dividends which is how people typically use stock market.
55 years after vietnam defeat 1971 demonetize n $40T spending spree
When BTC