21 sats \ 0 replies \ @chaoticalHeavy 24 Apr 2023
looks stable
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10 sats \ 3 replies \ @Xclu 24 Apr 2023
Why is it going down when priced in BTC but going up if you google "S&P 500 chart"?
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21 sats \ 1 reply \ @scottathan 24 Apr 2023
Because BTC is growing in value faster than the S&P 500. Thus, if you base it on BTC, it is falling. But, since the S&P 500 is growing in value faster than the USD, it looks like it is growing when based on USD.
It's all just relative. You can form a chart like this with any asset you want and it will look different in some way.
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0 sats \ 0 replies \ @SatoshiNakanodo OP 24 Apr 2023
Yes.
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0 sats \ 0 replies \ @SatoshiNakanodo OP 24 Apr 2023
Excellent question. Typically when you chart the S&P you are seeing it priced in US Dollars, which lose value over time due to inflation.
But you don’t have to price it in dollars. You can compare it to any currency or asset that is traded on the open market. Just open your favorite charting tool and enter SPX/BTC OR SPX/GOLD etc.
Here are two more examples…
S&P 500 vs M2 total money supply:
And BTC vs M2 total money supply:
Is the stock market really helping me to beat inflation? It doesn’t look great.
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0 sats \ 1 reply \ @Wumbo 24 Apr 2023
Measurements on the Y axis would be helpful.
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0 sats \ 0 replies \ @SatoshiNakanodo OP 24 Apr 2023
I’m not sure it is helpful but you can chart this yourself by entering SPX/INDEX:BTCUSD into TradingView or your favorite charting tool.
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