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BTC didn’t drop in value did it? 1 BTC is worth 1 BTC. The fed manipulating the USD and affecting the trading pair of USD/BTC is probably what you’re referrin
by eric_cc 5y ago
BTC didn’t drop in value did it?
1 BTC is worth 1 BTC.
The fed manipulating the USD and affecting the trading pair of USD/BTC is probably what you’re referring to.
- 01acheru 5y agoBTC value dropped against all fiat currencies after mining rigs shutting down in Kazakistan and a little bit after the Kosovo news, so yeah BTC value dropped. In a longer span: BTC is down 33% against EUR in the last 3 months. > 1 BTC is worth 1 BTC. That’s tautological, so devoid of any information.
- chii 5y ago> 1 BTC is worth 1 BTC. tautologically true, but irrelevant. That's like saying gold costs 1 ounce per ounce, and that price has never changed in the history of its existence. Current economic pricing happens with USD for most activities, and thus you need to be pricing BTC under USD. Until the day people would easily accept BTC directly (and hold it instead of converting it into USD), you cannot price BTC in BTC.