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/biz/ - Business & Finance

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24947400 No.24947400 [Reply] [Original]

$100,000 is worth only 74,000 in my country. it used to be more in november.
what tf are you doing, amerifats??

>> No.24947498

>>24947400
yea the dollar has been getting JUSTed pretty bad for the past few months
my net worth is up $100k just from the currency fluctuations alone

>> No.24947526

>>24947400
We injected 35% of our money supply this year alone. Bitcoin is the way out of the fiat trap

>> No.24947649

>>24947526
where did you get this number 35% from?

>>24947498
are you shorting the dollar?

>> No.24947684 [DELETED] 

>>24947649
Nah. Most of my net worth is euroes and EUR/ USD is up 10%+ since the bottom.

>> No.24947708

>>24947649
Nah. Most of my net worth is euroes and EUR/ USD is up like 10% since june.

>> No.24947752

>>24947684
ah i see. but if you hold crypto your networth would be actually down, wouldn't it? since there are mostly coins with usd pairs

>> No.24947770

Swiss? You cunts are fucking degens anyway kys.

>> No.24947799

>>24947770
Nah, one $ is like 0.89 CHF atm.

>> No.24947833

>>24947400
Canada

>> No.24947838

>>24947770
GBP I'd assume

>> No.24947928

>>24947752
Most of my money isn't in crypto, but fwiw crypto is up a ton since june. And the decline of the dollar might actually be (a small) part of the reasonw why is up.

In theory, it doesn't really matter what currency an asset is listed in. Asset prices adjust to currency fluctuations, e.g. American companies that are cross-listed on European stock exchanges are down 10% compared to the US shares. Currency fluctuations mainly affect the purchasing power of your money. My net worth is up in the sense that I now can buy more US goods/ services. But USD (or any other single currency) is a flawed meassure of net worth as I obviously won't be spending all my money on US goods/ service.

>> No.24947950

>>24947649
its 20% from current supply and 35% more back then.

you hve 10 dollars and get 3. now you have 13 dollars. 30% more but the new ones are 23% of all dollars

>> No.24947975
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24947975

feels comfy having the strongest currency in the world
keep printing, American degens

>> No.24948033

>>24947400
Trumpinomics

>> No.24948135

>>24947975
lol, you mean Euro?
i mean i'm from germany myself, but this is some pretty dumb shit you're saying.

>> No.24948275

>>24948135
name 1 currency stronger than euro

>> No.24948575

>>24948275
Swiss CHF

>> No.24948584

>>24948275
kuwaiti dinar, btc

>> No.24948740
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24948740

>>24948575
irrelevant, no one trades in CHF outside of jew mountain land

>>24948584
>kuwaiti dinar
don't think so, see pic

bitcoin is barely a currency, most countries consider it on par with stocks

>> No.24949064

>>24948275
there is nothing strong about euro the central bank is printing almost as much as the fed