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RE: ฿ I Remember the 1st $1111 Bitcoin on MtGox - Now the Steem Correlation 💰
Thanks for reminding us that the real value is the price of bitcoin.
Will we live to see the day when both prices (BTC and STEEM) will go in the same direction at the same time, preferably up? :)
If you price them both in dollars (a failing Fiat currency) then you will definitely see them both go up. You have to actually think the other way around. The prices of things don't really go up. The cost in dollars goes up, specifically because the dollar is being printed to infinity (and each dollar is constantly worth less). Constantly Worthless.
Disclaimer: This is a fact, not my opinion. I hold no dollars at this time nor will I in the future.
Exactly.
In the meantime the price is 21K. Time to sell and buy back later when the price drops?
I am not sure what price is at 21K. Please explain.
Thinking the other way around means looking at the dollar as the losing asset.
Dollars are paper and ink - the U.S. steals your money by printing more dollars, causing the ones in your pocket to buy less. . .
I meant 21000 Satoshi for one Steem. Now it is at 29K :)
Thank you for the clarification.