Bitcoin Forum
September 28, 2022, 10:05:35 PM *
News: Latest Bitcoin Core release: 23.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: $🐻 The Dollar Bear™ says it’s time to DuPM!!!11  (Read 190 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
nullius (OP)
Copper Member
Hero Member
*****
Offline Offline

Activity: 630
Merit: 2569


If you don’t do PGP, you don’t do crypto!


View Profile WWW
March 12, 2021, 02:22:18 AM
Merited by Cryptotourist (3), El duderino_ (2)
 #1

It’s Official:  We (TINW) need to start pricing dollars in sats.

As a longtime Dollar Bear™, this has long been fundamental to my mental arithmetic based on proven maths and confirmed science.  Flippen your price quotes from USD per BTC to satoshis per dollar!  It is a radically revolutionary revelatory new way of thinkening.

Just over a decade ago, the dollar was priced at about 400,000,000,000 sats (400 billion sats!).  (This price is based on a guesstimate of how many dollars jercos actually paid for laszlo’s pizzas.)  Around the time that I first joined this forum, I recall that the dollar was hovering around 83,000 sats.  In late 2017, the dollar fell to 5000 sats and then bounced back, with dollar bulls riding high.  By last year, I had developed a habit of thinking of a dollar as being worth about 10k sats, more or less.

Now that the dollar has plummeted to under 1800 sats, what is next?

I expect to see the dollar struggle to hold a price floor around 1666 sats, before it breaks through and falls to the next floor at 1500 sats.  I do expect that in the near term, the dollar has a high risk of falling below 1000 sats.  If the dollar loses half of its current value within the next year, that will take it into the high three-digit range!

If that sounds excessively bearish, just remember that per the above numbers, the dollar has already lost about 99.9999995% of its value as priced in sats.  When the dollar hits 1000 sats, it will have lost 99.99999975% since May of 2010.

Of course, I would not be an Officially Certified Dollar Bear™ if I did not expect for the dollar to hit 100 sats (1¢ = 1 sat), or even lower ($1 ≤ 1 in a dollar hyperinflation scenario?).  But perhaps, that may take a bit longer—perhaps.

If you have dollars, DuPM!!!11


Naturally, I am also a Eurobear.  €DuPM before the € strongly breaks below the magical 2k sat mark, which the dollar has already subpassed!

1664402735
Hero Member
*
Offline Offline

Posts: 1664402735

View Profile Personal Message (Offline)

Ignore
1664402735
Reply with quote  #2

1664402735
Report to moderator
1664402735
Hero Member
*
Offline Offline

Posts: 1664402735

View Profile Personal Message (Offline)

Ignore
1664402735
Reply with quote  #2

1664402735
Report to moderator
1664402735
Hero Member
*
Offline Offline

Posts: 1664402735

View Profile Personal Message (Offline)

Ignore
1664402735
Reply with quote  #2

1664402735
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
nullius (OP)
Copper Member
Hero Member
*****
Offline Offline

Activity: 630
Merit: 2569


If you don’t do PGP, you don’t do crypto!


View Profile WWW
March 12, 2021, 02:22:37 AM
 #2


nullius (OP)
Copper Member
Hero Member
*****
Offline Offline

Activity: 630
Merit: 2569


If you don’t do PGP, you don’t do crypto!


View Profile WWW
March 12, 2021, 02:22:57 AM
 #3

reserved

btw, this thread will be censored as hell.

philipma1957
Legendary
*
Offline Offline

Activity: 3528
Merit: 4749



View Profile
March 12, 2021, 02:34:47 AM
 #4

It’s Official:  We (TINW) need to start pricing dollars in sats.

As a longtime Dollar Bear™, this has long been fundamental to my mental arithmetic based on proven maths and confirmed science.  Flippen your price quotes from USD per BTC to satoshis per dollar!  It is a radically revolutionary revelatory new way of thinkening.

Just over a decade ago, the dollar was priced at about 400,000,000,000 sats (400 billion sats!).  (This price is based on a guesstimate of how many dollars jercos actually paid for laszlo’s pizzas.)  Around the time that I first joined this forum, I recall that the dollar was hovering around 83,000 sats.  In late 2017, the dollar fell to 5000 sats and then bounced back, with dollar bulls riding high.  By last year, I had developed a habit of thinking of a dollar as being worth about 10k sats, more or less.

Now that the dollar has plummeted to under 1800 sats, what is next?

I expect to see the dollar struggle to hold a price floor around 1666 sats, before it breaks through and falls to the next floor at 1500 sats.  I do expect that in the near term, the dollar has a high risk of falling below 1000 sats.  If the dollar loses half of its current value within the next year, that will take it into the high three-digit range!

If that sounds excessively bearish, just remember that per the above numbers, the dollar has already lost about 99.9999995% of its value as priced in sats.  When the dollar hits 1000 sats, it will have lost 99.99999975% since May of 2010.

Of course, I would not be an Officially Certified Dollar Bear™ if I did not expect for the dollar to hit 100 sats (1¢ = 1 sat), or even lower ($1 ≤ 1 in a dollar hyperinflation scenario?).  But perhaps, that may take a bit longer—perhaps.

If you have dollars, DuPM!!!11


Naturally, I am also a Eurobear.  €DuPM before the € strongly breaks below the magical 2k sat mark, which the dollar has already subpassed!

Fixed your title.

      ██        ██▄          
                ▐████       ██
               ▄██████      
██      ▄▄▄▄▄▄▄███████        
      ██████████████████      
      ██████████████████  
    ▄▄▄█████████████████▄▄    
   ████████████████████████  
   ▀██████████████████████▀  
  ▄▄▄████████████████████▄▄▄  
▄████████████████████████████▄
██████████████████████████████
 ▀▀████████████████████████▀▀
.
..SHITCOIN 2014..
▄██████████████████████████▄
████████████████████████████
████████████████████████████
████████████████▀▀▀█████████
██████ ▀██████▀      ▄██████
██████▄   ▀▀▀        ███████
██████▄             ▄███████
███████▄           ▄████████
██████▀▀▀        ▄██████████
███████▄▄     ▄▄████████████
████████████████████████████
████████████████████████████
▀██████████████████████████▀
.
..BUY NOW..
nullius (OP)
Copper Member
Hero Member
*****
Offline Offline

Activity: 630
Merit: 2569


If you don’t do PGP, you don’t do crypto!


View Profile WWW
March 12, 2021, 02:48:07 AM
 #5

Fixed your title.

It’s clickbait.  But you have a point, insofar as I am bearish on human intelligence.  Will idiots see only the post title, and be thus induced to dump their real money for dollars?  Cheesy

I will think on this...

Cryptotourist
Hero Member
*****
Offline Offline

Activity: 1134
Merit: 738


Homo Sapiens Bitcoinerthalensis


View Profile
March 12, 2021, 08:14:21 AM
Merited by El duderino_ (3)
 #6

Not may resources out there - these are the best I could find:

https://usdsat.com/

https://www.cryps.info/en/USD_to_Satoshi/

Need to visualize. Grin

I have come here to chew bubblegum and kick ass ... and I'm all out of bubblegum.
tertius993
Hero Member
*****
Offline Offline

Activity: 974
Merit: 689


View Profile
March 12, 2021, 08:26:43 AM
 #7

You were doing great until ...

thinkening.

These mock comedy words are just tragic.

I enjoyed the rest of your post though.
macson
Member
**
Offline Offline

Activity: 448
Merit: 41

məˈnɛroʊ


View Profile WWW
March 12, 2021, 10:38:24 AM
 #8

is going on and satoshi "kick" dollar further down....DuPM!!!


The Bitcoin Pizza Day 2022 bake-off Winners

@fillippone, @icopress, @EFS, @Phoenix Anka, @xzone
nullius (OP)
Copper Member
Hero Member
*****
Offline Offline

Activity: 630
Merit: 2569


If you don’t do PGP, you don’t do crypto!


View Profile WWW
March 13, 2021, 11:39:03 PM
Merited by tertius993 (1)
 #9

Major ATL today!!!❢❢

USD broke the 1666 sat floor.  Currently 1625 sats!

EUR broke the 2000 sat floor.  Currently 1943 sats!


PANIC!  PANIC!  DuPM your USD/EUR/etc. shitcoins!

!


Not may resources out there - these are the best I could find:

https://usdsat.com/

https://www.cryps.info/en/USD_to_Satoshi/

Need to visualize. Grin

Thanks.  Good finds.  I especially like the usdsat.com site.

Seriously—am I ever not serious?—we need to flip people’s view of value.  When speculators buy bitcoins with the expectation of selling to increase their dollars, Bitcoin is in a fight.  When people simply consider their Bitcoin wallets to be their savings accounts, then Bitcoin will have won.

So as for personal finance.  For businesses, the equivalent is to hold a Bitcoin “treasury reserve”.

In my worldview, my Bitcoin wallet is my money.  I value it at 1 BTC = 1 BTC.  Whatever other currencies I may also have, I mark to market in BTC.  My own idea of my liquid net worth is denominated in bitcoins.  If I make an investment in something other than BTC, I evaluate the returns in BTC.  I invest if and only if I speculate that I will get out more bitcoins than I put in.  From that perspective, USD, EUR, et al. are extremely poor investments!

Whenever I need to buy something priced in stupid fake currencies, I do a conversion to see how many sats I must spend.  I observe that that amount has been falling:  I am experiencing price deflation.  On the flipside, of course, when I make money, I am making less of it:  I must lower my prices, as money becomes more valuable.  This is Bitcoin.

The value of the U.S. “dollar” in Real Money:

2009-01-03
∞ sats
2010-05-22
≈400,000,000,000 sats
2012-08-02
10,000,000 sats
2013-04-01
1,000,000 sats
2013-11-28
100,000 sats
2017-11-29
10,000 sats
2021-02-16
2,000 sats
2021-03-13
1,666 sats
?
1,000 sats
?
100 sats
...
...

Number go down!

🧸

I need better data.  The foregoing table is a draft, based on some numbers that I have handy.  Historical price research will be required to pin down hard numbers for a neat log-scale chart I have in mind.


You were doing great until ...

As this forum’s best philological pedant and most superlatively evillest curmudgeon, I shall judge your intellect—not vice versa.

thinkening.

These mock comedy words are just tragic.

Alas, you forgot to mention my incorrect and inconsistent capitalization, my stylistically grotesque abuse of exclamation marks, the ungrammatical phrase “number go down!”, my gauche use of an emoji in the topic title, my misspeling of the word “dump”, and too many other literary sins to list.  (More shameful to me is my past bad habit of splitting infinitives—cringe.)

You are evidently unfamiliar with my post history.  —And with humour.  Anyway, if I wish to affect the tone of a typical Internet p0ast, I am divinely entitled to take whatever licence pleases me.

Quote from: nullius (Secret Arcana of the Unpublished Nullian Drafts)
An I be wont to wax sesquipedalian, I’ll retreat to the phrontistery for to desiderate lost epochs of literacy.


Back on topic:

is going on and satoshi "kick" dollar further down....DuPM!!!


LOL, fake money bubble.  As the USDSAT number fades away, I will be laughing at all the bagholders for that shitcoin.

Bitcoin Forum > Economy > Trading Discussion > Scam Accusations (Moderator: Cyrus) > U.S. Dollar

eXPHorizon
Full Member
***
Offline Offline

Activity: 672
Merit: 104



View Profile
March 13, 2021, 11:54:15 PM
 #10



Seriously—am I ever not serious?—we need to flip people’s view of value.  



I do agree with that Smiley

We may be stuck in the same mud pond.. But when we fly, we fly together.
Poker Player
Hero Member
*****
Offline Offline

Activity: 798
Merit: 1445


Peace enthusiast


View Profile
March 14, 2021, 06:25:53 AM
 #11

I'm surprised this thread doesn't get more replies. Probably because it's self-moderated and people are afraid of getting their post deleted.

I see it's a bit advanced for the time we are in but it points to what will be the future. For something to be considered a proper currency, it has to meet three conditions: to be a store of value, medium of exchange and unit of account. The bitcoin today, meets the first, not so much the second and is far from being the third, but that seems to be the future we'll get to. @nullius has an advanced view in this regard. Most of us who own Bitcoin do not use it as a unit of account, let alone people who do not own Bitcoin, since those of us who do are in the minority. In any case, this way of looking at things I believe will become more widespread in the future as fiat currencies continue to devalue and Bitcoin continues to be increasingly adopted.
tertius993
Hero Member
*****
Offline Offline

Activity: 974
Merit: 689


View Profile
March 15, 2021, 09:04:15 AM
 #12


You were doing great until ...

As this forum’s best philological pedant and most superlatively evillest curmudgeon, I shall judge your intellect—not vice versa.

thinkening.

These mock comedy words are just tragic.

Alas, you forgot to mention my incorrect and inconsistent capitalization, my stylistically grotesque abuse of exclamation marks, the ungrammatical phrase “number go down!”, my gauche use of an emoji in the topic title, my misspeling of the word “dump”, and too many other literary sins to list.  (More shameful to me is my past bad habit of splitting infinitives—cringe.)

You are evidently unfamiliar with my post history.  —And with humour.  Anyway, if I wish to affect the tone of a typical Internet p0ast, I am divinely entitled to take whatever licence pleases me.

Quote from: nullius (Secret Arcana of the Unpublished Nullian Drafts)
An I be wont to wax sesquipedalian, I’ll retreat to the phrontistery for to desiderate lost epochs of literacy.


You are right - I didn't mention them, but not because I forgot ... I think more because I am by now inured to the sorrowful standard of grammar (and indeed language generally) as exhibited on Bitcointalk!  However, I must draw attention to your use of "licence" instead of "license" ... Sad

Notwithstanding the foregoing, you definitely deserve a merit for use of the word sesquipedalian perhaps my favourite of all words ... I can and shall forgive much for that!
STT
Legendary
*
Offline Offline

Activity: 3318
Merit: 1342


Leading Crypto Sports Betting & Casino Platform


View Profile WWW
March 17, 2021, 02:22:30 AM
Last edit: March 17, 2021, 09:33:15 PM by STT
 #13

That would break Forex convention which is where the weight is given to the originating currency usually the stronger.   So Dollars would be quoted in sterling not vice versa, so its 1.30 dollars to a uk pound, same with Euro though euro is far larger and so is dollar now but go back to the start of trading and british empire meant that was originally the larger currency worldwide in finance markets.
   So even if Dollar breaks down and 50 years from now who knows, BTC will be listed in price of amount of dollars rather then the opposite though you can always place it however you like in theory but people discuss a certain order that reflects history.

Dollars can be viewed via the index or DXY.  If dxy keeps 92 as a low its likely to be a (wider) bearish market for that moment, it has this as something of a ceiling for now.  Sterling + lots of things have gained vs dollar but its not a trend exactly yet.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!