0 sats \ 3 replies \ @nerd2ninja 27 Sep 2023 \ parent \ on: If we stop thinking in Fiat, what does even bull-run mean? 📈 bitcoin
What? No. Who said anything about FIAT? I said everything gets cheaper. Everything you're trying to buy. If you're selling things and suddenly people are saying your stuff is too expensive compared to the other merchants, you gotta lower your prices to stay competitive right?
write
preview
0 sats \ 2 replies \ @NeuroNinja OP 27 Sep 2023
I still can't wrap my brain around this. How would things will get cheaper? If I understood correctly, then it would be because similar amt. of BTC is suddenly more valuable as compared to (when converted to) FIAT.
Please correct me if I am misunderstood.
reply
10 sats \ 1 reply \ @nerd2ninja 27 Sep 2023
Okay, to start, Bitcoin is your money. Bitcoin is your reference point. So these prices:
https://www.pricedinbitcoin21.com/landing
Those lines would drop down dramatically all at once. Yes, that means that Bitcoin is more valuable, the same way that when prices all rise at the same time against FIAT, that this means FIAT is getting less valuable.
reply
50 sats \ 0 replies \ @NeuroNinja OP 27 Sep 2023
ahhhh, I got it now. Thanks for making it easier for me.
reply