The Great Misconception - page 2. | Bitcointalksearch.org

San1ty

sr. member

Activity: 462

Merit: 250

Quote from: RyNinDaCleM on June 05, 2013, 08:08:44 AM

...and BTC buys ~1700% more? Does not compute

It buys you 1700% more, but is it overvalued? Let's do a little math:

How much would BTC be worth if there were as many in existence as there are dollars?

Total USD around: 829000000000
Total BTC around: 11247000

829000000000 / 11247000 = 73709

BTC Price in USD: 120

Real BTC Price in USD: 120 / 73709 = 0.0016

Still overvalued? As long as that number is below 1, it's undervalued!

TL;DR: It's not a bubble, It's limited edition!

PS: How do you like my reality distortion field?

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

Quote from: San1ty on June 05, 2013, 07:47:32 AM

Quote from: Zaih on June 05, 2013, 07:33:35 AM

Quote from: San1ty on June 05, 2013, 07:28:24 AM

Quote from: N12 on June 05, 2013, 06:35:26 AM

Quote from: San1ty on June 05, 2013, 06:27:58 AM

BTC isn't going up, it's FIAT that's going down! Every day your FIAT is worth a little less.

That's weird, I was under the impression that the same Bitcoin can buy 10 times more stuff than a few months before. Also weird that one USD doesn't buy me 10 less.

Must be some FIAT manipulation by Bernanke or something. Cheesy

OR Gold, Silver, stocks, real estate are inflating vs. Bitcoin too. Basically, only Bitcoin in this world is stable and all other assets fluctuate agaist it! Finally we see the truth!

Glad you see the light my friend Wink

!

Poor sarcasm detection xD

Orrr, Great reality dodging skills! (Where is your sense of humor

)

In all seriousness tho:
In 2013 1 dollar buys you 1.3% less when compared with 2012.

...and BTC buys ~1700% more? Does not compute

San1ty

sr. member

Activity: 462

Merit: 250

Quote from: Zaih on June 05, 2013, 07:33:35 AM

Quote from: San1ty on June 05, 2013, 07:28:24 AM

Quote from: N12 on June 05, 2013, 06:35:26 AM

Quote from: San1ty on June 05, 2013, 06:27:58 AM

BTC isn't going up, it's FIAT that's going down! Every day your FIAT is worth a little less.

That's weird, I was under the impression that the same Bitcoin can buy 10 times more stuff than a few months before. Also weird that one USD doesn't buy me 10 less.

Must be some FIAT manipulation by Bernanke or something. Cheesy

OR Gold, Silver, stocks, real estate are inflating vs. Bitcoin too. Basically, only Bitcoin in this world is stable and all other assets fluctuate agaist it! Finally we see the truth!

Glad you see the light my friend Wink

!

Poor sarcasm detection xD

Orrr, Great reality dodging skills! (Where is your sense of humor

)

In all seriousness tho:
In 2013 1 dollar buys you 1.3% less when compared with 2012.

Zaih

hero member

Activity: 504

Merit: 500

Quote from: San1ty on June 05, 2013, 07:28:24 AM

Quote from: N12 on June 05, 2013, 06:35:26 AM

Quote from: San1ty on June 05, 2013, 06:27:58 AM

BTC isn't going up, it's FIAT that's going down! Every day your FIAT is worth a little less.

That's weird, I was under the impression that the same Bitcoin can buy 10 times more stuff than a few months before. Also weird that one USD doesn't buy me 10 less.

Must be some FIAT manipulation by Bernanke or something. Cheesy

OR Gold, Silver, stocks, real estate are inflating vs. Bitcoin too. Basically, only Bitcoin in this world is stable and all other assets fluctuate agaist it! Finally we see the truth!

Glad you see the light my friend Wink

!

Poor sarcasm detection xD

San1ty

sr. member

Activity: 462

Merit: 250

Quote from: N12 on June 05, 2013, 06:35:26 AM

Quote from: San1ty on June 05, 2013, 06:27:58 AM

BTC isn't going up, it's FIAT that's going down! Every day your FIAT is worth a little less.

That's weird, I was under the impression that the same Bitcoin can buy 10 times more stuff than a few months before. Also weird that one USD doesn't buy me 10 less.

Must be some FIAT manipulation by Bernanke or something. Cheesy

OR Gold, Silver, stocks, real estate are inflating vs. Bitcoin too. Basically, only Bitcoin in this world is stable and all other assets fluctuate agaist it! Finally we see the truth!

Glad you see the light my friend Wink

!

N12

donator

Activity: 1610

Merit: 1010

Quote from: San1ty on June 05, 2013, 06:27:58 AM

BTC isn't going up, it's FIAT that's going down! Every day your FIAT is worth a little less.

That's weird, I was under the impression that the same Bitcoin can buy 10 times more stuff than a few months before. Also weird that one USD doesn't buy me 10 less.

Must be some FIAT manipulation by Bernanke or something. Cheesy

OR Gold, Silver, stocks, real estate are inflating vs. Bitcoin too. Basically, only Bitcoin in this world is stable and all other assets fluctuate agaist it! Finally we see the truth!

San1ty

sr. member

Activity: 462

Merit: 250

People always seem to think that BTC is overvalued and that we are currently in the great bubble of 2013 with only one possible outcome... Down.

But allow me to warp your mind around:
There is no bubble, we are actually in a great depression, the depression of FIAT!
BTC isn't going up, it's FIAT that's going down! Every day your FIAT is worth a little less.

BTC has decreasing inflation, FIAT has increasing inflation!

Topic: The Great Misconception - page 2. (Read 2812 times)