Message from @Mother
Discord ID: 396047534872854528
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
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
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."
it works on dumber people but not me
I MOCK AND THINK. I THINK SARCASTICALLY.
LET'S SEE. ECOMMERCE FOR SOYCOIN DROPPED YEAR-OVER-YEAR AND CONTINUES TO BE ON THE DECLINE.
titus - your dude sold at 17, but realized 12k of it. IF he invested when it was worth something measured in the hundreds, he'd still have made a fat return
volatility basically ceases to matter on a long enough timeline
@Exilarch I SOUND CRITICAL. IN REALITY, I LOVE BITCOIN BECAUSE IT HAS ENABLED AN ENTIRELY NEW CLASS OF IDIOT TO EXPLOIT.
exactly