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Author Topic: What I think about the whole Bitcoin value thang  (Read 957 times)
Xenland
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June 14, 2012, 06:00:09 PM
 #1

http://www.quickmeme.com/meme/3ppmkb/


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notme
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June 14, 2012, 06:27:49 PM
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There are charts for that:
http://www.marketwatch.com/investing/index/dxy
http://finance.yahoo.com/echarts?s=eurusd=x
http://finance.yahoo.com/echarts?s=gbpusd=X

Summary for the lazy: dollar up, EUR/GBP down in terms of dollar.  I'm too lazy to figure out if they are down more than the dollar is up, but I would guess yes for at least the euro.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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Xenland
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June 14, 2012, 06:33:46 PM
 #3

Thanks notme, I didn't know of such a USD index thing.
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June 14, 2012, 06:47:40 PM
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Thanks notme, I didn't know of such a USD index thing.

Read this if you want to know more about what it means:
http://en.wikipedia.org/wiki/U.S._Dollar_Index

It's only one way of measuring the strength of the dollar, and it is most useful for assessing relative international purchasing power.  Another way to measure would be to look at commodity prices.  Prices up means dollar is down, prices down mean dollar is up.  But, it's all relative, so each measure has a useful niche.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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Xenland
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June 14, 2012, 06:55:37 PM
 #5

Thats some curious information.... I wonder what happens if every fiat currency collapses as in I wonder if the graphs would stay the same? (assuming they collapsed at the same time)
 You know like comparing crappy currencies with other crappy currencies -- (I hope my questions makes sense)
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June 14, 2012, 07:03:26 PM
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Thats some curious information.... I wonder what happens if every fiat currency collapses as in I wonder if the graphs would stay the same? (assuming they collapsed at the same time)
 You know like comparing crappy currencies with other crappy currencies -- (I hope my questions makes sense)

Sure, but that's not how it happens... they take turns.  Look at the 5yr DXY chart.... up then down, then up, then down.  But we haven't really gone anywhere.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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June 14, 2012, 08:20:45 PM
 #7

This has better content than most Spec threads lol...
Xenland
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June 15, 2012, 03:50:24 AM
 #8

This has better content than most Spec threads lol...
lol im glad something i started whenT right somewhere
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June 15, 2012, 11:02:27 AM
 #9

well, there are different kinds of ways to measure inflation, some are more downplay propaganda than others.  Wink

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