This post illustrates how clueless the original BTC fan club was/is on the relationship between asset classes.
You are trying to equate a transaction to assigning a value. It is not ironic it is totally irrelavant.
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Bitcoin Price Thread
- Thread starter Magna
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You are trying to equate a transaction to assigning a value. It is not ironic it is totally irrelavant.
Relax, bro. I was not talking to you and I don't care about what you think. I was responding to a post who was equating 0 value to bitcoin vis a vis gold. I provided proof that one of the biggest retail vendor of gold and precious metals accept bitcoin so 1 bitcoin is worth over 5 ounces of gold, end of story. No shitty opinions needed.
I really shocked. Thawt bitcon would be back to 20k by now, what with all you defenders , hodlers, coddlers.
Just keep holding. And don't forget to pay your taxes on those trades.
Just keep holding. And don't forget to pay your taxes on those trades.
HE who laughs last , laughs best
I have to ask, for a paper Im doing for my doctorate.
What's it like to hold something from 20,000 down to 6500, and does it affect regularity ?
What's it like to hold something from 20,000 down to 6500, and does it affect regularity ?
You really are out to lunch...this is a public forum ! If you don't want responses talk to yourself in the mirror. Here you go....BTC is great..BTC is great...repeat to mirror.
No wonder you have lost your shirt. Here is another little mantra you may want to try repeating....STOP LOSS....I should have used a STOP LOSS. LOL
In the certain circles of the cryptocurrency community, there is a belief that the Bitcoin market has its roots in early Christianity, and is documented in the scripture as an incident when two disciples of Jesus, Peter and Judas, were the counter-parties in a market transaction worth of 30 coins.
Thus, both Peter and Judas are revered by the crypto groupies. So, when a groupie says, "For Pete's sake!", he is expressing surprise, exasperation, and annoyance about the negative (and as such unholy, blasphemous) views of the crypto-currency markets.
Very interesting posting! One of the rare.
So crypto's exist already over 2000 years and are still in a "developing state"?
What would be the return if you calculate the actual value against the starting value +2000 years ago? That would probably show that buy and hold is not working.
Let's play and make a small calculation:
- the bitcoin is at $7,000 today
- if 2000 years ago the value of that same bitcoin would have been $0,0000000000000000000000012
- the yearly compounded rate of return would have been 3.25%
Holding over 2000 years gives a complete other meaning to the word "HODL".
PS: the calculation is meant as a joke. Don't kill yourself because you realize buying bitcoins was a bad decision made by your over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over, over grandparents.
I have the same problem after each new high in the ES. They told me it is called "hindsight". If I can solve that "hindsight" problem I will be rich in no time.
I am working on it...
Seems the "correction" is now > 60%. Looks like its going to be a slow and painful death.