awt[asciilifeform]: !!ticker btc usd
deedbot[asciilifeform]: $27,675
asciilifeform: awt: rather lively waterfall action, loox like
awt[asciilifeform]: asciilifeform: btc is correlated with tech stocks, which are down, and inversely correlated with vix, which is up.
asciilifeform: vix?
asciilifeform: consistent, tho, with the misfortune where btc exch rate is made ~100% of gamblers buying/selling leveraged gox pokerchips, rather than saver 'hodl'.
awt[asciilifeform]: At a higher level consistent with a shrinking supply of fiatola.
dulapbot: (asciilifeform) 2022-03-31 asciilifeform: billymg: what they bank on is that you won't take'em to grave.
dulapbot: (asciilifeform) 2020-08-13 asciilifeform: in train to auschwitz, glass of water cost exactly 1 gold watch.
asciilifeform: ( whatever it is, tho, is obv. massively amplified by leveraged trading of goxcoin )
awt[asciilifeform]: yes. the leverage cuts both ways. higher highs, lower lows.
asciilifeform: picture if e.g. usd came in 'rng(1, 100)' bills
awt[asciilifeform]: asciilifeform: elaborate?
dulapbot: (asciilifeform) 2022-01-14 asciilifeform: megavolatility makes conducting day-to-day biz in pure btc largely impossible for afaik anyone.
dulapbot: Logged on 2023-03-19 21:28:50 asciilifeform: re: exchrate, tho, imho to ask 'what exchrate is actually justified by actual economic activity in btc' is somewhat of a 'partial differentiation' mistake, given as the leverage-conjured volatility is a rather strong brake on any such activity