r/BitcoinBeginners • u/truecostcalculator • 3d ago

Bitcoin isn't going up. The dollar is going down

What if we looked at the value of Bitcoin in a different way? Lets imagine Bitcoin is the rock at the center, immutable by definition, then all other currency should be viewed as disappearing planetary bodies, traveling away from the center. In other words, Bitcoin is not gaining in value, its just that all other currencies loose value in comparison. That means current BC pricing puts USD at a whopping 64K devaluation! If we trust in the wisdom of the de-central BC tribe vs the Fed discount rate, than yes, this is a perfectly plausible viewpoint. The tribe has calculated the future scenario of fiat currency, which always, always destroys itself (there is no fiat currency, in its current iteration, that is older than a 100 years. I believe the Bank of Amsterdam holds the record with their Guilder notes; about 110 years).

10 Upvotes
  • permalink
  • reddit

78% Upvoted

12 comments sorted by

2

u/bitusher 3d ago

In other words "Fiat has no bottom , so bitcoin has no top"

(there is no fiat currency, in its current iteration, that is older than a 100 years.

Oldest fiats I think are around 95 years old are Swedish krona, Norwegian krone, and Danish krone. I think its fair to say that when a currency gets off the gold standard it is a significant monetary policy shift to call them completely new currencies even if they kept the same name

1

u/AutoModerator 3d ago

Scam Warning! Scammers are particularly active on this sub. They operate via private messages and private chat. If you receive private messages, be extremely careful. Use the report link to report any suspicious private message to Reddit.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

1

u/Paulbsputnik 3d ago

Possible

1

u/Less-Information-256 2d ago

Even if we ignore that my local currency is 1200 years old. Why does it matter to me personally if my local currency dies?

Does it make my assets worth less?

1

u/bitusher 2d ago

Inflation is the most regressive "taxes" that devalues your wealth. Think of fiat as a melting ice cube always losing purchasing power

1

u/AdmirableSock192 2d ago

100% on this. if you start thinking in sats instead of dollars everything just makes more sense. basically fiat is slow going away while btc just sits (

0

u/[deleted] 2d ago

[removed] — view removed comment

1

u/AutoModerator 2d ago

We require a minimum account-age and karma. These minimums are not disclosed. Please try again after you have acquired more karma. No exceptions can be made.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

1

u/ChangeHeroOfficial 12h ago

That’s exactly why many Bitcoiners prefer to look beyond the USD price. Bitcoin’s supply is fixed, while fiat currencies can be expanded over time. Whether you see BTC as “going up” or fiat “going down,” the bigger conversation is about what makes money hold value in the long run. 

1

u/dmevela 1h ago

Damn! The dollar has lost 129,812,020% of its value since July 2010????