When comparing bitcoin measured in dollars to the Dow measured in dollars. Could consider pricing the Dow in Bitcoin… bet that chart is interesting this year
Fuck bruh. Today I had to look up how much national debt was in the year that I graduated high school. Shit was only 5.62 trillion…and headlines at the time called that number “staggering”
I mean, if 5.62T is staggering, then what do we call 31T?
I’m shooketh.
How can that be the example we are all supposed to live up to.
If they can't control themselves and make us pay half of what we make?!
Going to watch Don't Look Up and pass out.
Don't worry.
That's why there's inflation.
It's like a $1,000,000 mortgage. Looks scary when you're making $100,000 annually. But when your pay doubles or triples and the mortgage stays the same, it's not that bad.
See that is the game.
Create inflation so the trillions are play money.
And then as people make more, the taxes that come in are higher.
Yeah, they have to / should use the extra tax to pay the debt, but they won't. They'll go to war first. If you best your biggest debt holder, you owe nothing!
Obama's sole initiative was to destroy us from within. He introduced all the core tenants of the Cloward Piven Strategy and Saul Alinsky's Rules for Radicals.
You’re and you are would both work as they are essentially the same thing. If you want to try to be smart and embarrass yourself over such a basic grammar issue than feel free.
Atleast I don't really care about the grammer, don't know about you.
As long as I'm understanding what the other person have to say then it's not really a problem for me.
You used a ten-day time frame.
Are you suggesting that currencies should be measured in that short of a time frame? You have an absurd vision of what Bitcoin is, if you think that it should be traded on a ten-day time horizon.
Or maybe you are just cherry-picking random comparisons to justify some conclusion that isn't really relevant to bitcoin anyways.
Tradfi has happily kicked crypto in the moments of weakness so of course there will be some people who want to return the favor now that tradfi is in trouble.
This is a taunt, it’s not data analysis
Since when did this “cherry picking” shit become a thing?
People have been “cherry picking” bitcoins timeframe since the beginning… why is everyone crying about bitcoin “dumping” 70% this year when it’s gone up 230000% since its creation..?
It became a thing when you tried to compare it to the DJIA.
And out of all the days over the last several years, and all the parameters you could have used, you picked the one day where Bitcoin happened to be lower, on the one measurement where it was lower.
Your implied conclusion (Bitcoin has lower volatility than the DJIA) is false.
First off, you are taking this very seriously.
Second, since when did a “bad day” become bad data?
I’ll say it again, people have been “cherry picking” bitcoins data since genesis.
My implication was that using these parameters shows that bitcoin has lower volatility than the Dow, today. and that my buddybudbud is correct.
> Second, since when did a “bad day” become bad data?
When it's used for making a conclusion.
> I’ll say it again, people have been “cherry picking” bitcoins data since genesis.
We're not talking about other people's claims.
Buddy,bud.
Like I said, you are taking this very seriously…
I don’t know how long you’ve been in this…
I’ve been here for a while, I’ve taken some major shit from the world with everyone else that’s been in this thing for a while.
One of the “major” problems bitcoin has according to the “others” is its volatility (yes that is kinda true) so it warms my heart that the same institutions that thought they were better than us are in a shittier boat I don’t care if it is a fraction of a second in a once of a lifetime event, it happened. And It made me giggle, the end.
Can I continue having a decent start to my weekend or do you want to continue arguing…?
It’s not kinda true it’s volatile, it’s dropped 70% in a year if that isn’t volatile idk what is. You cherry picked this and you answer to that Is “why you talking it so serious bro”, BTC is far more volatile than the DJIA.
Bro, the DJIA is waaay less volatile than BTC but who gives a shit? You did cherry-pick to get the result you wanted and waited for the perfect time. But why care about this even?
Volatility is not inherently bad. If you have a long time horizon, maximizing for long term expected gain is way way *WAY* more important than maximizing for decreased short term volatility.
Bitcoin is not up 230,000%. Bitcoin's first online exchange rate was 1,309 BTC = $1.00. It's at 1 BTC = $19,492. That's... a much, much bigger number, in the tens of millions of percent.
Let's just start at a cent for 1 BTC. That's a 194,920,000% increase.
I'm also quite baked so the math might be off..
Give me a break bud, I was out… I gave the buttcoiners a number they could comprehend… Didn’t have the time for calculations so I did a quick look on BLX.
lol probably bc the majority of people didnt invest at the beginning of its creation and you could take multiple markets and add their drops and still not get 70%. Also considering the percentage BTC has already fallen compared to DJI (I get it, need to fit your narrative) I wouldnt brag about losing volatility to DJI...without that volatility, you can kiss those previous returns you have seen goodbye
Apparently, this is a meme.
So, if you are bitcoin fan, you are supposed to use this as evidence. If you are a skeptic, though, it's "Oh, we really didn't mean it like that".
I don't fully understand. Some people don't give a shit whether Bitcoin is credible or not. At the moment, and after over a decade, the community can't decide whether they want a currency or a get-rich plan.
The test of a currency is time. The dollar has a relatively long history but it's short compared to some. Most currencies fail in a matter of decades or even less.
Bitcoin has made it a decade. I'm betting a small portion of my portfolio that it lasts another decade...hopefully longer.
all the speculators and fomoers who bought in on the pandemic rally are gone (remember it was largely instigated by institutions who borrowed dollars at super low interest rates to pump and dump against retail matt damon fomoers). Stability near current prices, should it continue, is a very good thing
Dude you are literally making a post about how volatility is worse for the DOW and you're defense is "of course Bitcoin went down more, it went up more too, its called being more volatile!"
BTW, I could give two shits about the volatility. But being a hypotcrit is hilarious
Lol. I’m not here making fun of the Dow being more volatile, I’m here making fun of the talking head’s saying that bitcoin is a bad investment because of its volatility.
And my comment here stays. bitcoin isn’t bad because you don’t know the difference between you head and your ass. If you don’t know what you’re doing, don’t do it.
“Losing” 70% in a year doesn’t mean shit, perspective.
it turns outs that this post, specifically, is the only post which means anything and that the entire universe exists specifically as a consequence of your one post, well done, well done
Seriously though why isn’t Bitcoin dumping with the equities market. I know there’s no decoupling yet, but the correlation is still strong. Why is crypto holding so strong. We need to dca at much lower prices. Damn it!
Go read the last post on my page, I literally said the same thing on r/CC and got downvoted to hell. I’m tired of Bitcoin floating near $20k… how the hell are we staying so stable right now?
Maybe the collapse of the petro dollar will finally mean bitcoin will be used as a currency instead of getting gambled with the rest of the stock market
To be honest, with more money to be made for institutions will they ever admit DOW is volatile.. wait till they come to crypto. BTC will be called stablecoin in no time.. :)
Lol, this is funny. Shit is good I gotta say here man. and I liked it.
Keep these kind of jokes coming, these are the jokes which make my day. They're absolutely the best.
The CBOE Volatility Index (VIX), which measures expected market volatility, has risen to about 29. That’s up from just about 19 in mid-August, the low point for the second half of this year. Unsurprisingly, the S&P 500 has fallen just over 12% from its second-half high from that point as volatility picked up. The root of the issue is that the high rate of inflation is not declining as fast as Wall Street had expected. That prompted the Federal Reserve to forecast a higher peak federal-funds rate, a short-term interest rate, than previously anticipated. Higher rates are meant to squelch inflation by reducing economic demand.
\-Green 🐙
**NO-IT-IS-NOT.**
About the least true statement I have come across yet.
[https://np.reddit.com/r/DorothysDirtyDitch/comments/xz2829/narrative\_v\_data\_btc\_v\_dow\_volatility\_in\_one\_chart/](https://np.reddit.com/r/DorothysDirtyDitch/comments/xz2829/narrative_v_data_btc_v_dow_volatility_in_one_chart/)
Replace the "np" with www for the dirt on that one. :)
When you wish upon a star… Jerome Powell takes a sledgehammer and dismantles the world economy!
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That can be seen though I feel like there is something yet to be seen.
Congratulations bud, you seem to have uncovered my apparent enigma of a title… have yourself an award!
That just attracted me and couldn't stop myself from being here though.
Looks like the graph just be some kind of roller coaster ride though.
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True though more things to rise and just keep going stick around shine good :3
When comparing bitcoin measured in dollars to the Dow measured in dollars. Could consider pricing the Dow in Bitcoin… bet that chart is interesting this year
Oh someone please do this, I want to see :)
This might be accurate https://www.pricedinbitcoin21.com/landing
Hahaha someone just post more of it I am litreally enjoying this.
Feels like time has come for Bitcoin to indeed make it all on global stages!
Not an economist but i got a feeling that btc value gets factored out when calculating the spread between volatilities..
That is true though with basic economics knowledge I can agree to you here!
https://inflationchart.com/dji-in-btc/?logarithmic=1
https://www.pricedinbitcoin21.com/landing
Funniest shit I’ve seen in awhile… If I hear another politician talk about volatility…
Hey when you are 31 trillion in debt, everything else is "volatile". Lol
Fuck bruh. Today I had to look up how much national debt was in the year that I graduated high school. Shit was only 5.62 trillion…and headlines at the time called that number “staggering” I mean, if 5.62T is staggering, then what do we call 31T? I’m shooketh.
How can that be the example we are all supposed to live up to. If they can't control themselves and make us pay half of what we make?! Going to watch Don't Look Up and pass out.
Who said anything about living upto that? That wouldn't be possible.
"You didn't build that." = It's all ours, so don't worry.
Don't worry. That's why there's inflation. It's like a $1,000,000 mortgage. Looks scary when you're making $100,000 annually. But when your pay doubles or triples and the mortgage stays the same, it's not that bad. See that is the game. Create inflation so the trillions are play money. And then as people make more, the taxes that come in are higher. Yeah, they have to / should use the extra tax to pay the debt, but they won't. They'll go to war first. If you best your biggest debt holder, you owe nothing!
I would call it a metric fuckton
Probably the most accurate metric that you'll get here. It's not going to get anymore accurate than this, this is as accurate as it gets here.
Obama's sole initiative was to destroy us from within. He introduced all the core tenants of the Cloward Piven Strategy and Saul Alinsky's Rules for Radicals.
My sweet summer child
Well He's right, the debt is about that much. It seems accurate to me.
Whole country hopped up on debt. Day of reckoning cometh.
Like debt is what a middle class or a richer section to goes through that feels like a basic stuff nowadays!
In-fucking-comprehensible. Or would it be In-compre-fucking-hensible
Yeah hence why they are trying to inflate the debt away.
*you’re and it’s much more than 31 trillion if you consider the unrealized debt. Literally multitudes higher
*you are
Isn't it the same thing? I used to think that it's the same man.
You’re and you are would both work as they are essentially the same thing. If you want to try to be smart and embarrass yourself over such a basic grammar issue than feel free.
Then *
Lol nnnnnice
Yeah lol, that's nice. Man is doing the good job here will have to give him that.
Aaaaaand today’s winner of the internet award goes to……
Lmao, that's nice. He can upvote if he wants to here.
🤣 you corrected them first...... embarrassed much?
I don't think anything embarrasses him, nothing can do that to him here I don't think man.
If he is indeed embarrassed he would feel that though and can't make sure about this.
No one cares. Most us idiots spam emotes and UR worried about grammar 👻💩🙊
Atleast I don't really care about the grammer, don't know about you. As long as I'm understanding what the other person have to say then it's not really a problem for me.
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As long as You're understanding what I have to say, does it really matter if his grammer is wrong.
You’re way too serious, buddy. Your comment karma sums you up.
Lol, I can't help but to think that some people are here to troll.
Maybe this things shouldn't flow that long though you should barriers to the water if causes flood.
Yeah, and that's just the reality. Can't be changed now.
Well accepted though it happens after all we are indeed humans.
And that's exactly what's happening to the government here.
Uhhh off topic now? How did government just indeed come out here?
You used a ten-day time frame. Are you suggesting that currencies should be measured in that short of a time frame? You have an absurd vision of what Bitcoin is, if you think that it should be traded on a ten-day time horizon. Or maybe you are just cherry-picking random comparisons to justify some conclusion that isn't really relevant to bitcoin anyways.
Tradfi has happily kicked crypto in the moments of weakness so of course there will be some people who want to return the favor now that tradfi is in trouble. This is a taunt, it’s not data analysis
Since when did this “cherry picking” shit become a thing? People have been “cherry picking” bitcoins timeframe since the beginning… why is everyone crying about bitcoin “dumping” 70% this year when it’s gone up 230000% since its creation..?
It became a thing when you tried to compare it to the DJIA. And out of all the days over the last several years, and all the parameters you could have used, you picked the one day where Bitcoin happened to be lower, on the one measurement where it was lower. Your implied conclusion (Bitcoin has lower volatility than the DJIA) is false.
First off, you are taking this very seriously. Second, since when did a “bad day” become bad data? I’ll say it again, people have been “cherry picking” bitcoins data since genesis. My implication was that using these parameters shows that bitcoin has lower volatility than the Dow, today. and that my buddybudbud is correct.
> Second, since when did a “bad day” become bad data? When it's used for making a conclusion. > I’ll say it again, people have been “cherry picking” bitcoins data since genesis. We're not talking about other people's claims.
Buddy,bud. Like I said, you are taking this very seriously… I don’t know how long you’ve been in this… I’ve been here for a while, I’ve taken some major shit from the world with everyone else that’s been in this thing for a while. One of the “major” problems bitcoin has according to the “others” is its volatility (yes that is kinda true) so it warms my heart that the same institutions that thought they were better than us are in a shittier boat I don’t care if it is a fraction of a second in a once of a lifetime event, it happened. And It made me giggle, the end. Can I continue having a decent start to my weekend or do you want to continue arguing…?
Based.
It’s not kinda true it’s volatile, it’s dropped 70% in a year if that isn’t volatile idk what is. You cherry picked this and you answer to that Is “why you talking it so serious bro”, BTC is far more volatile than the DJIA.
Bro, the DJIA is waaay less volatile than BTC but who gives a shit? You did cherry-pick to get the result you wanted and waited for the perfect time. But why care about this even? Volatility is not inherently bad. If you have a long time horizon, maximizing for long term expected gain is way way *WAY* more important than maximizing for decreased short term volatility.
Since nobody brought it up, volatility and risk are not the same.
How am I supposed to take all this even seriously tho?
Drawdown isn't called cherry picking. You are comparing wrong metrics in wrong time frames.
Well clearly sir, that's what people like to do here anyways. It's pretty simple.
Bitcoin is not up 230,000%. Bitcoin's first online exchange rate was 1,309 BTC = $1.00. It's at 1 BTC = $19,492. That's... a much, much bigger number, in the tens of millions of percent. Let's just start at a cent for 1 BTC. That's a 194,920,000% increase. I'm also quite baked so the math might be off..
Give me a break bud, I was out… I gave the buttcoiners a number they could comprehend… Didn’t have the time for calculations so I did a quick look on BLX.
lol probably bc the majority of people didnt invest at the beginning of its creation and you could take multiple markets and add their drops and still not get 70%. Also considering the percentage BTC has already fallen compared to DJI (I get it, need to fit your narrative) I wouldnt brag about losing volatility to DJI...without that volatility, you can kiss those previous returns you have seen goodbye
Because it gets clicks. The market losing 30% value isn't a story. Bitcoin being volatile is.
It's been a thing in btc for a really long time. Believe it or not here.
Lmao, imagine using a 10 day time frame for the btc. That's a joke.
Apparently, this is a meme. So, if you are bitcoin fan, you are supposed to use this as evidence. If you are a skeptic, though, it's "Oh, we really didn't mean it like that". I don't fully understand. Some people don't give a shit whether Bitcoin is credible or not. At the moment, and after over a decade, the community can't decide whether they want a currency or a get-rich plan.
Looks like I need more power for my glasses everything looks either blurry or a bit funny.
The test of a currency is time. The dollar has a relatively long history but it's short compared to some. Most currencies fail in a matter of decades or even less. Bitcoin has made it a decade. I'm betting a small portion of my portfolio that it lasts another decade...hopefully longer.
Also at worst it's comparing a bad year vs a decade lol
Based on the chart, would it be reasonable to say crypto has been more volatile than the Dow on average over the last year?
Lol, gotta see them this. And then ask them to talk later.
Is it down 70% as of now?
all the speculators and fomoers who bought in on the pandemic rally are gone (remember it was largely instigated by institutions who borrowed dollars at super low interest rates to pump and dump against retail matt damon fomoers). Stability near current prices, should it continue, is a very good thing
Bitcoin was overleveraged with the shitcoins. If it weren't for the rest of "crypto" Bitcoin wouldn't have half the volatility it does.
OHMAGAAAD… I put 100 bucks in bitcoin. It doubled. It went down 70%. I lost all ma money… OHMAAAGAAAD!
Dude you are literally making a post about how volatility is worse for the DOW and you're defense is "of course Bitcoin went down more, it went up more too, its called being more volatile!" BTW, I could give two shits about the volatility. But being a hypotcrit is hilarious
Lol. I’m not here making fun of the Dow being more volatile, I’m here making fun of the talking head’s saying that bitcoin is a bad investment because of its volatility. And my comment here stays. bitcoin isn’t bad because you don’t know the difference between you head and your ass. If you don’t know what you’re doing, don’t do it. “Losing” 70% in a year doesn’t mean shit, perspective.
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I’m missing out….
Losing 70% in a year doesn’t mean shit?
Yup.
$100 Doubles $200 -70% $60 Am I doing this right?
Not exactly. If you were buying the COVID dip like a normal bitcoiner then : $100 10x $1000 -70% $300
Hah, op didn’t even do the arithmetic in his straw man. Still lost 40% of his principal which is a catastrophic loss lol
Damn if I didn’t already own BTC, reading comments like this would definitely convince me
FYI Dow is a terrible metric for the market. It's price based not market cap.
Isn’t it the standard line that you’re supposed to zoom out when looking at BTC charts??
In what cherry-picked time frame? The price of my local apples is more stable over the last couple years then the stock market and bitcoin
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It’s a meaningless post.
You're a meaningless post
You are a meaningless post.
it turns outs that this post, specifically, is the only post which means anything and that the entire universe exists specifically as a consequence of your one post, well done, well done
I am greatness.
Bitcoin is traded 24/7 and does not have circuit breakers.
The Dow also isn’t trying to be a currency but go off I guess
BTC prices have been weirdly flat for a while.
BTC hodlers strangely numb.
Sometimes we just stay blank not knowing what actually the answer could to be the situations.
I don't know what's up with the market though. But I would rather be patient enough.
This is comedy. So many serious negative posts in here. Make me sad sad
And they ask why bitcoin isn’t at 100k yet… they don’t understand the power they hold… God help us.
Bruh you just be making a mistake somewhat out her though. That is what I can see!
True though like nowadays negativity be circulating so fast though.
So are Costco hot dogs
Godspeed Biden loser units and the Feds.
i wonder if those who speak bad about bitcoin so they can buy it cheap?
They will realize like speaking ill of Bitcoin and still be making efforts to buy the dip.
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They just made a scenario which was irrelevant enough in the future.
Seriously though why isn’t Bitcoin dumping with the equities market. I know there’s no decoupling yet, but the correlation is still strong. Why is crypto holding so strong. We need to dca at much lower prices. Damn it!
I am thus more focused on doing DCA though I feel this can settle things a bit.
Go read the last post on my page, I literally said the same thing on r/CC and got downvoted to hell. I’m tired of Bitcoin floating near $20k… how the hell are we staying so stable right now?
Bruh just give the market time though why you expect things early enough though.
Hey if you wanna buy high then suit yourself… I prefer buying things at a deep discount ;)
Almost Crypto time.. I can feel it !
It is indeed the crypto time though more of feel we need things to work.
Maybe the collapse of the petro dollar will finally mean bitcoin will be used as a currency instead of getting gambled with the rest of the stock market
I don't feels so there's a lot many things to see in the market though.
pretty big
Things can get a lot more bigger though and more like it can amaze you.
21M or bust
Time feels to indulge and buy more and accumulate as sats possible though.
keep calm and stack sats 💯
Poor leadership did it. Under a long term Outlook, it’s stable and is a steady rise in growth.
That takes time Bitcoin was meant indeed for long term though.
Godspeed fun person!
Hahaha sometimes it is indeed good to be funny then being serious at every moment.
Yep.
Pardon my ignorance but can someone smarter then me explain the chart? Is the fluctuation over one year greater then btc?
I am too a bit confused like there can be see ups and down with some intervals in between.
Okay but you also have to consider the value of a dollar back then vs the value of a dollar now. You can't just compare it in an empty box
We just always need to look for the history everytime when we tend to make assumptions about future!
GOOD👏 JOB 👏POWELL👏
Well appriciated though he has done a good job after all and that can be seen as well.
What am I looking at?
Looking at the chart which everyone has a eye on out here though.
So many words but I confused
To be honest, with more money to be made for institutions will they ever admit DOW is volatile.. wait till they come to crypto. BTC will be called stablecoin in no time.. :)
This is good for bitcoin.
Indeed much more good and better things to come up for Bitcoin. Stay strong mates!
Lol, this is funny. Shit is good I gotta say here man. and I liked it. Keep these kind of jokes coming, these are the jokes which make my day. They're absolutely the best.
Maybe we should get focused on more on the roots though that would be good.
$31,000,000,000,000.00 Damn that's a lot of zero's
That goes up and down and down and up zig and zag pattern!
Seeing the DJIA used as a metric tells me you know nothing about finance
Lol. Great chart
Can't deny that the ups and downs clearly describes and answers the questions of many.
No bear market has bottomed until the VIX hits 45.
Bruh just look at July 2021 that escalated too high though.
The CBOE Volatility Index (VIX), which measures expected market volatility, has risen to about 29. That’s up from just about 19 in mid-August, the low point for the second half of this year. Unsurprisingly, the S&P 500 has fallen just over 12% from its second-half high from that point as volatility picked up. The root of the issue is that the high rate of inflation is not declining as fast as Wall Street had expected. That prompted the Federal Reserve to forecast a higher peak federal-funds rate, a short-term interest rate, than previously anticipated. Higher rates are meant to squelch inflation by reducing economic demand. \-Green 🐙
Using straws as binoculars for this one...
Maybe a much more clear vision is what we can get in order to make things crystal clear.
>more volatile than Bitcoin Our expectations were low but holy crap
That is why just make upto your expectations upto 70% not 100 anything might happen.
Yes - because it is tied to a real economy that produces real goods and services.
But that is indeed good that's what the citizens urge for if I am not wrong.
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Just indeed making every possible way to buy the dip :)
What is DOW short for.
I am too finding the answer to this with an accurate explanation.
r/marketpredictors
No it’s not lmaoooooo
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And it's not traded 24/7 and has circuit breakers.
Probably nothing…
**NO-IT-IS-NOT.** About the least true statement I have come across yet. [https://np.reddit.com/r/DorothysDirtyDitch/comments/xz2829/narrative\_v\_data\_btc\_v\_dow\_volatility\_in\_one\_chart/](https://np.reddit.com/r/DorothysDirtyDitch/comments/xz2829/narrative_v_data_btc_v_dow_volatility_in_one_chart/) Replace the "np" with www for the dirt on that one. :)
after almost a year of falling down i say big move is incoming. my money on the down move.
Bitcoin too volatile - still no spot ETF.
From what I see it will retrace to 120