Message from @Death Strike's Bat
Discord ID: 396047311882420225
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
from short term investments.
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
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
1 coin
that's an argument from authority without even specifying a specific authority
cashed out his wallet at 12k
I'm not saying you are wrong per se, but your thinking there sucks
it doesn't suck. he couldn't cash out when he wanted so he lost money
due to the massive transaction time
+ the exchange time
he has infinite money
DO YOU KNOW WHY WALL STREET LIKES IT? BECAUSE THEY LAUGH AT THE CHUMPS THAT INVEST IN IT.
all he has to do to get more money is fucking live due to trusts
mother you often substitute mockery for thinking
"OH I'LL TAKE 1 AND 10 TO MANAGE YOUR SHITCOINS FOR YOU, SURE. LOL."