Happy Euro-Dollar parity everyone 🥳🥳🥳
425 sats \ 25 comments \ @kilianbuhn 12 Jul 2022 bitcoin
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103 sats \ 1 reply \ @TheBTCManual 12 Jul 2022
Lol when EUR 0.80 lets break ATL
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0 sats \ 0 replies \ @kilianbuhn OP 12 Jul 2022
That would be really a lot 😱😱
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50 sats \ 0 replies \ @selfish_gene 12 Jul 2022
осталось другие валюты поднять за год или два!
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6 sats \ 1 reply \ @cryptocoin 12 Jul 2022
In case you missed it: The value of the #Euro has briefly hit parity w/US Dollar for the first time in almost 20yrs.
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https://twitter.com/Schuldensuehner/status/1546801679340900352
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3 sats \ 0 replies \ @cryptocoin 12 Jul 2022
hmmm .. that's odd. The image isn't showing.
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25 sats \ 9 replies \ @KingZing 12 Jul 2022
I can see it going much lower tbh. aint even winter yet
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69 sats \ 7 replies \ @kilianbuhn OP 12 Jul 2022
Normally the markets are forward looking and price in things like that
But if you are confident in this assessment are you going to trade it? Saying stuff is easy, actually doing stuff is hard.
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3 sats \ 6 replies \ @KingZing 12 Jul 2022
the market is forward looking, but it's not like the market wasn't told/expecting a rate hike since last year and see how it is now.
60% of my networth have been in USD for the past 5 years or so (stocks and cash), quite a far bit in BTC and only 10% in my local currency. Working out well for me so far.
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0 sats \ 5 replies \ @kilianbuhn OP 12 Jul 2022
60% of my networth have been in USD for the past 5 years or so (stocks and cash),
Ownership of productive businesses isn't money in USD. Indeed, companies are often leveraged which is literally being shot USD.
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3 sats \ 4 replies \ @KingZing 12 Jul 2022
I have to get USD to trade in US stocks, including when I sell the stocks. They handle the FX risk on their business end.
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0 sats \ 3 replies \ @kilianbuhn OP 12 Jul 2022
The way your brokerage denominates does not affect the exposure of your positions - it affects your taxes at most.
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3 sats \ 2 replies \ @KingZing 12 Jul 2022
I don't think you understand what I am saying. It isn't how the broker denominate my position. You have to get USD to buy US exchange listed stocks, and when you sell, you get the USD. These aren't denominations, these are actual currencies swapped. i.e. I have to exchange into USD before deposit/through the broker. This is also why IB is a great broker since they have incredible FX rates.
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21 sats \ 1 reply \ @kilianbuhn OP 12 Jul 2022
Why do you hold it though? Immediately exchange it!
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0 sats \ 0 replies \ @vijo 14 Jul 2022
europoor here - no vacation in the US for the next few years I guess :/
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4 sats \ 2 replies \ @cryptocoin 12 Jul 2022
There was a post, here on SN, yesterday, ... related:
Euro lost almost 20% of it's purchasing power against USD. #43568
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20 sats \ 1 reply \ @kilianbuhn OP 12 Jul 2022
No, it was today, not yesterday that we saw the zero in front of the decimal point
But it might differ from exchange to exchange and depending on bid-ask spread....
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5 sats \ 0 replies \ @cryptocoin 12 Jul 2022
Right, ... yesterday it almost kissed parity.
Today it reached parity. May differ based on your broker price feed. Described here:
$EURUSD parity print
seeing it on some price feeds but not on others, #FX is decentralized so broker pricing can differ
this would be first time $EURUSD has traded below 1.0000 since Dec. 6, 2002
now a bounce coming in after the parity test
https://twitter.com/JStanleyFX/status/1546799523833548800
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1 sat \ 0 replies \ @EnormousPony 12 Jul 2022
1€ = 1€
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0 sats \ 0 replies \ @Ge 13 Jul 2022
Thats intersting did not know and I think we are all ready for dollar sat parity or parody?!?!? haha serious questions however yesahhhhh interesting data!
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0 sats \ 0 replies \ @ideasourcing 13 Jul 2022
Now Rupee needs to climb and get stronger against DOLLAR-EURO and get back to the RUPEE-RUBLE parity.
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0 sats \ 1 reply \ @faithandcredit 12 Jul 2022
The American Establishment are rejoicing because now most americans, despite the high inflation and supply chain problems, are thinking "at least we arent europe" and just accepting it!
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21 sats \ 0 replies \ @kilianbuhn OP 12 Jul 2022
aMeRIcAn eSTaBlisHmEnT
Who exactly? I haven't heard a single positive word from top politicians like Biden or top senators. Neither did any of the top S&P500 CEOs.
I think you're projecting. This ambiguous "establishment" does not exist.
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0 sats \ 1 reply \ @aljaz 12 Jul 2022
Europe right now: https://twitter.com/Dogetoshi/status/1546479772561178628
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0 sats \ 0 replies \ @kilianbuhn OP 12 Jul 2022
Idk I got air conditioning. In general the better city planning with more trees (which isn't perfect either and could still improve as well) makes it less necessary to have it.
But yes, our economy is fucc more than us.
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