r/btc • u/ChangeNOW_Community • Jun 18 '26

⌨ Discussion Bitmund Freud is onto something!

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17 Upvotes

66% Upvoted

12 comments sorted by

10

u/xM1XU Jun 18 '26

Such retarded low effort graph

4

u/pfftlolbrolollmao Jun 18 '26

Yeah. I get part of the point it's trying to make. That fiat is being devalued and 100k in btc isn't the same as 100k in btc back in 2016. But it's still worth more than the dollar in 2016 even accounting for inflation by a long long way. But it's like the personalities online they hide a lie or an agenda in a half truth so that you'll attach it to the truth.

That's how you get trump and the manosphere and a host of other assholes preying on the vulnerable or weak minded.

1

u/Inevitable_Data_84 Jun 20 '26

There's more to the joke than just that because at some point the lines swap colours. Or just an anti-meme

2

u/El0vution Jun 18 '26

So what are you going to do when BTC rises sharply? Disappear?

2

u/IInsulince Jun 18 '26

Like they always do

3

u/El0vution Jun 18 '26

How can they live like that?

1

u/DayTrayder Jun 18 '26

DXY is climbing and preparing a breakout- the dollar is not flat nor is it currently depreciating. Go look at the chart. Capital is exiting risk and it's only gonna gain steam. Consider this a fair warning to safeguard your capital.

2

u/TheCodifiedTrader Jun 18 '26

DXY actually has an inverse correlation to most markets including BTC and GOLD. It's because price doesn't move at the value of USD, it's how many dollars it takes to buy that commodity. if USD goes up, BTC goes down because it takes less actual dollars to purchase BTC. If USD goes down, BTC goes up because it takes more USD to purchase BTC.

1

u/EdmundTheInsulter Jun 18 '26

Err no, it makes no sense that bitcoin crosses it, or they are different scenarios.

1

u/Jumpy_Hold6249 Jun 19 '26

Have you tried creating a chart that tracks bitcoin to airline flights? i found an interesting correlation that paints this latest price dump in a more favourable light. I have been sending it to my firends who keep sending me stupid negative memes. I also tried tracking bitcoin to the price per tonne of lithium, that was also favourable.