Message from @Death Strike's Bat
Discord ID: 396047034609696778
I can just delete them
true, but if I steal your gold coins I could just melt them
and dump it down a storm drain
yes but gold is much harder to steal
is it?
there's arguments for and against that
given it is a physical thing and not an easily laundered / dirty currency.
NOT MANY MECHANISMS IN PLACE TO SHORT BTC
if the bitcoin you are buying has ever touched an illegal transaction
you are totally fucked
same with dollars
given that there is a record of the bitcoin attached to the bitcoin....
PROBLEM: NOT KNOWING WHEN THE IRRATIONAL HYPE WILL DIE DOWN PROPELLING SOYCOIN
despite your list of reasons bitcoin should have a value of $0/coin, it has current value of $17,000/coin. Obviously there is something you do not know, or else you would be rich right now. The test - your personal test - is to see if you will admit that to yourself or reassure yourself with your own misunderstandings
people are stupid
yes they are, so why doesn't your financial strategy factor for that?
BITCOIN IS DRIVEN BY STRAIGHT BEHAVORIAL ECONOMICS. LITTLE ELSE.
HOW DO YOU MEASURE THIS?
they won't let you cash out at a fast enough rate from each exchange to make money
YES @Death Strike's Bat MAKING IT ILLIQUID
so?
they don't have the liquid
and they physically can't
real estate is illiquid, yet people love to invest in it
given the extrmeely slow transaction time
you can sell real estate instnatly
PLEASE. REAL ESTATE IS HARDLY AS VOLATILE.
NOT AN APT COMPARISON.
volatility and liquidity are two different things
real estate is physical and liquid
people wil always buy it
and sell it
BITCOIN IS AS VOLATILE AS SOME SLUTTY SOUTH AMERICAN COUNTRY.
convince your average wealth management guy to buy bitcoin
he will tell you to fuck off
even if it were a couple of bucks
THEY MATTER WHEN YOU CAN'T LIQUIDATE A POSITION BEFORE YOUR STRATEGY IS COMPROMISED BY VOLATILITY.
wait that's what they did
THIS IS NOT THE CASE IN REAL ESTATE, NOT TO THIS EXTENT.
i know a guy who cashed in at 17k per coin