*charts*
Yup, the USD has had a steady loss in purchasing power over a period of 100 years.
Now explain how swings of purchasing power of up to 80% in a matter of days or weeks makes BTC a more desirable currency than USD.
Topic: Just sold my bitcoin... - page 3. (Read 5159 times)
Yup, the USD has had a steady loss in purchasing power over a period of 100 years.
Now explain how swings of purchasing power of up to 80% in a matter of days or weeks makes BTC a more desirable currency than USD.
Giant swings in purchasing power isn't a positive quality in a currency. In a stock, commodity, or other investment vehicle sure...but in a currency, it is a very BAD thing.
Bitcoin is not a currency. Yet. Right now it behaves more like a stock or commodity and it will probably start behaving more like a currency as it matures over the years. So your point is moot.
Can you also post a chart of USD vs bitcoin since December?
I can but I won't as such short term fluctuations are completely irrelevant. See even in the chart above there has been a string of several years where the purchasing power of the USD actually went up. Short term is irrelevant except for liquidity. Therefore I still own some fiat for liquidity.
Don't listen to the echo chamber; no one has ever gone broke by locking in profits.
probably greatest line of advice this year
Lock in profits in what currency? Yeah, you made few more monopoly bucks and meanwhile lost the only real money you had.
well, the last position I closed I did by paying off the monopoly money margin and keeping the remainder
Using margin for the least amount of time is generally the right thing to do. One needs very good reasons to deviate from this.
I just sold my bitcoin too. What a liberating feeling not being tied to the charts anymore!!
Hopefully you sold at a good profit. You're obviously a speculator rather than an investor (holder).
Holders aren't tied to the charts like speculators. They're as stress free holding BTC as you are holding fiat.
wow, and with that, the picture is in a CHART
Lock in profits in what currency? Yeah, you made few more monopoly bucks and meanwhile lost the only real money you had.
I'll take USD over BTC any day of the week. In fact, the only use I have for BTC is as a speculative tool to grow my USD.
+1
Last time I checked USD didn't lose 40% since December like bitcoin did.
I just use bitcoin as my savings account and disregard current price. if i need something i sell bitcoin into my checking account to buy it. no way will my spending ever outpace Bitcoin appreciation this way. As a Bitcoin investor, I hate selling and the process keeps my material wants in check
Indeed (don't miss the spike on the right of the first image):
Pictures speak a thousand words.
I just sold my bitcoin too. What a liberating feeling not being tied to the charts anymore!!
Lock in profits in what currency? Yeah, you made few more monopoly bucks and meanwhile lost the only real money you had.
I'll take USD over BTC any day of the week. In fact, the only use I have for BTC is as a speculative tool to grow my USD.
+1
Last time I checked USD didn't lose 40% since December like bitcoin did.
I just use bitcoin as my savings account and disregard current price. if i need something i sell bitcoin into my checking account to buy it. no way will my spending ever outpace Bitcoin appreciation this way. As a Bitcoin investor, I hate selling and the process keeps my material wants in check
The bears are clearly getting delusional
Getting?
Giant swings in purchasing power isn't a positive quality in a currency. In a stock, commodity, or other investment vehicle sure...but in a currency, it is a very BAD thing.
SAY WHAT!?
What a great big pile of complete and utter common sense!
Are you sure you are on the right forum?
Giant swings in purchasing power isn't a positive quality in a currency. In a stock, commodity, or other investment vehicle sure...but in a currency, it is a very BAD thing.
Lock in profits in what currency? Yeah, you made few more monopoly bucks and meanwhile lost the only real money you had.
I'll take USD over BTC any day of the week. In fact, the only use I have for BTC is as a speculative tool to grow my USD.
+1
Last time I checked USD didn't lose 40% since December like bitcoin did.
-1
Perhaps you should check USD against bitcoin one year ago. I'm pretty sure USD lost a couple 1000% there...
Lock in profits in what currency? Yeah, you made few more monopoly bucks and meanwhile lost the only real money you had.
I'll take USD over BTC any day of the week. In fact, the only use I have for BTC is as a speculative tool to grow my USD.
+1
Last time I checked USD didn't lose 40% since December like bitcoin did.
USD didn't net you a return of 500% over a few months either
The bears are clearly getting delusional
Lock in profits in what currency? Yeah, you made few more monopoly bucks and meanwhile lost the only real money you had.
I'll take USD over BTC any day of the week. In fact, the only use I have for BTC is as a speculative tool to grow my USD.
+1
Last time I checked USD didn't lose 40% since December like bitcoin did.
USD doesn't really have any value. It's only useful because most of the world hasn't figured this out yet. Pssst don't tell anyone
Lock in profits in what currency? Yeah, you made few more monopoly bucks and meanwhile lost the only real money you had.
I'll take USD over BTC any day of the week. In fact, the only use I have for BTC is as a speculative tool to grow my USD.
Funny, I only have fiat for (relatively) short term liquidity. It's like a leaky balloon being passed around a crowd and you want to hold it the least amount of time possible.
Don't listen to the echo chamber; no one has ever gone broke by locking in profits.
probably greatest line of advice this year
Lock in profits in what currency? Yeah, you made few more monopoly bucks and meanwhile lost the only real money you had.
well, the last position I closed I did by paying off the monopoly money margin and keeping the remainder
Using margin for the least amount of time is generally the right thing to do. One needs very good reasons to deviate from this.
Lock in profits in what currency? Yeah, you made few more monopoly bucks and meanwhile lost the only real money you had.
I'll take USD over BTC any day of the week. In fact, the only use I have for BTC is as a speculative tool to grow my USD.
Don't listen to the echo chamber; no one has ever gone broke by locking in profits.
probably greatest line of advice this year
Lock in profits in what currency? Yeah, you made few more monopoly bucks and meanwhile lost the only real money you had.
well, the last position I closed I did by paying off the monopoly money margin and keeping the remainder
Shit this is that classic thread that indicates a floor has been hit. i was really hoping for cheaper coins.
True, but cmon, it's just one fella sold his coins. you need a larger measure of sentiment. 500 is still in striking distance just by correction.
Jump to: