And you're just a kid who doesn't know what he's talking about yet.
Look
Any currency pair or commodity pair are graphs of the underlying relative USD value of each commodity.
This is because if they diverge, it's trivial for traders to jump in and make free fiat trading the pair. So that action forces the currency pair or commodity pair towards the mean relative fiat value.
In other words, if the pair changes without an underlying change in USD price, I buy one commodity, flip to the other one and sell. Free fiat.
There are about a million people with alerts on their phones waiting for this sort of action to happen so they can do exactly this trade.
You cannot get away from USD while it is still unit of account. All these charts are graphs of relative USD-denominated value.
Han Shan
npub1lx…6svxa
2024-09-27 23:52:53
in reply to nevent1q…39ug
Author Public Key
npub1lxzaxzge0jq9u9cecucctdt5lslwgp7hcxmp2l0wn8r2ecjenwasu6svxaSeen on
wss://nostr.sovbit.hostPublished at
2024-09-27 23:52:53Event JSON
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"content": "And you're just a kid who doesn't know what he's talking about yet.\n\nLook\nAny currency pair or commodity pair are graphs of the underlying relative USD value of each commodity.\nThis is because if they diverge, it's trivial for traders to jump in and make free fiat trading the pair. So that action forces the currency pair or commodity pair towards the mean relative fiat value.\n\nIn other words, if the pair changes without an underlying change in USD price, I buy one commodity, flip to the other one and sell. Free fiat.\n\nThere are about a million people with alerts on their phones waiting for this sort of action to happen so they can do exactly this trade.\n\nYou cannot get away from USD while it is still unit of account. All these charts are graphs of relative USD-denominated value.",
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