Crypto currency (IF banned from CA)

[nikom court]

I think the fed are bluffing and will do nothing,maybe some excuses about now not being the time,blah blah!

 

[Efcjake]

How much money has El Salvador lost?

 

[nikom court]

How much money has El Salvador lost?

Nothing

 

[Gabagool]

You're assuming we haven't reached the top of the adoption curve.

At some point the demand will stop growing and at that point the arse falls out because the only thing driving price increases are the blind hopes someone is paying you more for it down the line. When that mirage fails it will be a race to sell it off and recuperate whatever value they can get.

Absolutely agree that's a baseline assumption, but are there any clear indications that it's at the top of its adoption curve? Personally, I don't think the end result is necessarily preordained, and that its ultimate success is predicated on enough general confidence holding through future bear markets.

 

[nikom court]

Absolutely agree that's a baseline assumption, but are there any clear indications that it's at the top of its adoption curve?

He's been saying that since it was 3k,been wrong time and time again ?

 

[Efcjake]

Nothing

Come on even you should be able to do this maths.

View attachment 151392


I don't know. Is $46894 less than $42696?


How's their GDP doing?

If you buy 200 bitcoins for $46894 each three months ago and they're now worth $34474 today how much value have they lost from their investment?

 

[Efcjake]

He's been saying that since it was 3k,been wrong time and time again ?

I will be wrong until the bubble bursts.

There is no difference to you and the dot com speculators who kept saying it would never crash and only keep going up and up.

They were right until the day they weren't.

 

[Efcjake]

Absolutely agree that's a baseline assumption, but are there any clear indications that it's at the top of its adoption curve? Personally, I don't think the end result is necessarily preordained, and that its ultimate success is predicated on enough general confidence holding through future bear markets.

I'd say we are getting close.

Your average everyman with very little financial savvy have already made it into the market.

It's the equivalent of Joseph Kennedy hearing stock tips from shoe shine boys and knowing it was the right time to pull out of the market.

 

[nikom court]

Come on even you should be able to do this maths.


If you buy 200 bitcoins for $46894 each three months ago and they're now worth $34474 today how much value have they lost from their investment?

But they bought more at 35 k and haven't sold anything.
They are issuing bitcoin backed bonds next month to wipe out their debt to the IMF slavemaster, again they haven't lost anything!
More the point,how much have you lost out on if you had invested £100 if you had been more open minded ?

 

[Efcjake]

But they bought more at 35 k and haven't sold anything.
They are issuing bitcoin backed bonds next month to wipe out their debt to the IMF slavemaster, again they haven't lost anything!
More the point,how much have you lost out on if you had invested £100 if you had been more open minded ?

Just because they haven't sold and recognized the loss doesn't mean that at the moment their holdings aren't worth less than they paid for them does it?

So I'll ask you again? How much value have their bitcoin holdings lost at today's prices?

 

[Efcjake]

But they bought more at 35 k and haven't sold anything.
They are issuing bitcoin backed bonds next month to wipe out their debt to the IMF slavemaster, again they haven't lost anything!
More the point,how much have you lost out on if you had invested £100 if you had been more open minded ?

If I had invested 100 quid when El Salvador did and I cashed it out today I would get 69 quid back.

That's some clever investing.

 

[LinekersLegs]

Just because they haven't sold and recognized the loss doesn't mean that at the moment their holdings aren't worth less than they paid for them does it?

So I'll ask you again? How much value have their bitcoin holdings lost at today's prices?

I had paper losses in Webvan right up until they folded as a going concern!

 

[nikom court]

Just because they haven't sold and recognized the loss doesn't mean that at the moment their holdings aren't worth less than they paid for them does it?

So I'll ask you again? How much value have their bitcoin holdings lost at today's prices?

Again,
They haven't lost anything because they haven't sold anything at a loss,they have even more bitcoin than before the crash,it's basic economics!

 

[Efcjake]

I had paper losses in Webvan right up until they folded as a going concern!

The fact that they can't acknowledge that "Holdl" and "Buy the dip" memes are strategies to con other fools into covering the losses of others instead of letting the market find natural equilibrium on its own tells you all you need to know.

 

[Efcjake]

Again,
They haven't lost anything because they haven't sold anything at a loss,they have even more bitcoin than before the crash,it's basic economics!

Their holdings today are worth less than they paid.

Just because they haven't sold to recognize the loss doesn't change that basic fact.