its a kind of confirmation bias. during a bull market (when USD are flowing faster into Bitcoin than into other assets) maxis want to look at the chart and say "look, the hardest money always wins."

but to believe this they have to conveniently forget that the chart is measured in fiat, a measurement that they trash the rest of the time. it's just convenient to believe at the moment that the chart actually measures something solid and real. to be fair, there's no other measuring stick and it's easy to temporarily overlook in our excitement for fiat gains.

So the fact that the measuring stick ITSELF is fucked up, has been momentarily forgotten because it confirms what we want to see.

in a way a chart of xxx/BTC does measure something "real", it measures the relative flow of US dollars. what does the flow of US dollars say about the relative strengths of Bitcoin and gold? or Bitcoin and whatever?

probably not a lot except speculators feel better about one or the other.

but people maxis want to believe that it measures some real quality of the asset.

so we get this confirmation bias and want to believe that a xxx/BTC chart measures something without touching back to Dollars.

and doing this repeatedly leads to distorted views and retarded statements like "my unit of account is Bitcoin."

which is supposed to be a statement of freedom from fiat, but actually demonstrates that you misunderstand the fundamental structure of things and the matrix still has you.

Thinking #Bitcoin is your unit of account is a psyop to prevent you from using Bitcoin as your unit of account.