Damn buying hard at ATH, this guy is crazy.
@SophyGenesis
Is it logical?
Fifer said:
Damn buying hard at ATH, this guy is crazy.
Even so, their stocks rise faster which gives them more cash to spend. Infinite money loop.
(Infinite=last few months)
Is this legal?
@SophyGenesis
Yes, it’s called leverage and it can’t go tits up.
It’s on! Buying at this price means the future projections are exponential.
Wei said:
@SophyGenesis
Is it logical?
If you got the money…
@SophyGenesis
I will make it legal.
Reuben said:
@SophyGenesis
I will make it legal.
I was looking for this.
Fifer said:
Damn buying hard at ATH, this guy is crazy.
This is ATH sure, it’s also the start of mass adoption.
If nothing existential happens to BTC, we’re going to 1M BTC in this decade.
@Eden
Do the math on how much capital would be required to get BTC to 1M…
Baileyfrank4 said:
@Eden
Do the math on how much capital would be required to get BTC to 1M…
That’s not how pricing works. The question is how much are people willing to sell and buy for.
Like literally if one person is willing to buy 1BTC for 1M the price is 1M at that point in time.
Right now people are not willing to sell under 80K that’s the price of bitcoin. Got nothing to do with capital needed.
@Eden
I see you subscribe to the shitcoin theory of value.
Baileyfrank4 said:
@Eden
I see you subscribe to the shitcoin theory of value.
He’s stating facts though. That’s why when Bitcoin crashes you don’t actually see hundreds of millions just walking away. What you see are sell orders that outweigh the buy orders, crashing the price. You don’t need to sell BTC worth 500 million USD for Bitcoin market value to drop down 500 million USD.
Baileyfrank4 said:
@Eden
I see you subscribe to the shitcoin theory of value.
This is how price points work. How much are people willing to hold on to an asset and what price do they want to let it go.
You can have my BTC for 500K that’s my sell price.
@Eden
Did you get lost on the way to the BBBY sub?
Baileyfrank4 said:
@Eden
Did you get lost on the way to the BBBY sub?
Ok, do the math. How much capital is needed?
Baileyfrank4 said:
@Eden
Do the math on how much capital would be required to get BTC to 1M…
Surprisingly not as much as you think. The total valuation on crypto is based on supply x price, nothing else. With scarce supply and high demand, the price skyrockets pretty easily, and total valuation is irrelevant in this equation as it’s not derived by assets holding, etc. as in determining the total valuation of a traditional company. It’s inherently both priceless and also has no value other than the value assigned by the users.
Baileyfrank4 said:
@Eden
Do the math on how much capital would be required to get BTC to 1M…
Imagine you bought 1 BTC for 1000 USD which, of course, you did not because you listened to this sub’s anti-Bitcoin ramblings.
Now it’s 100k, you just don’t sell because it’s worth more. No capital needed. You just hodl and wait for Bitcoin banks to lend you fiat in exchange for custody of some of your Bitcoin.
Baileyfrank4 said:
@Zan
Lol. I bought 40 BTC off some libertarian douchebag on an internet forum in 2010 so I could use it on Silk Road. Unlike you, I actually used the shit for its intended purpose, as a currency.
Same. But for virtual strippers. 