DrJeff on Nostr: What I'm watching... 👀 Mainstream financial media is cheering the strong ...
What I'm watching... 👀
Mainstream financial media is cheering the strong performance of the S&P 500 over the past year, which has been approximately 26% in US dollar terms.
Unfortunately (for fiat brains), in real (#bitcoin) terms, the S&P 500 index actually has had a rough trailing 12 months, and is down approximately -45%.
Lesson:
Choose your denominator--your measuring stick--carefully. Or you will lead a frustrating and stressful life.
Published at
2025-01-03 19:23:51Event JSON
{
"id": "f048f126c1cb2ca5e319766de36bf7bc0bf8194d213ccb8cb2ef067ecb720d0e",
"pubkey": "b7996c183e036df27802945b80bbdc8b0bf5971b6621a86bf3569c332117f07d",
"created_at": 1735932231,
"kind": 1,
"tags": [
[
"r",
"wss://nostrelites.org/"
],
[
"r",
"wss://premium.primal.net/"
],
[
"r",
"wss://wot.girino.org/"
],
[
"r",
"wss://wot.utxo.one/"
],
[
"r",
"wss://wot.sovbit.host/"
]
],
"content": "What I'm watching... 👀 \n\nMainstream financial media is cheering the strong performance of the S\u0026P 500 over the past year, which has been approximately 26% in US dollar terms.\n\nUnfortunately (for fiat brains), in real (#bitcoin) terms, the S\u0026P 500 index actually has had a rough trailing 12 months, and is down approximately -45%.\n\nLesson:\nChoose your denominator--your measuring stick--carefully. Or you will lead a frustrating and stressful life.\n\nhttps://m.primal.net/NQjO.png ",
"sig": "fdb27ab71603f7167436cbc2f4fcca3f49aee5c0a21bde7c8206ac00ce09595304d1ee9723dd1230cba06419cdcfec1a7efc87dd72ba9d079c5039e3632108cd"
}
