Hmm.. if you don't calculate things with math, how do you calculate them?
And to claim USD has nothing to do with it (your return) doesn't make sense. The value of Bitcoin, at least today can only be compared to Fiat. Perhaps in 20 years that won't be the case.
All BTC has been obtained with some fiat. Whether it was bought or mined, there was a USD cost to obtain it. To ignore that seems a fallacy to me.
And to claim USD has nothing to do with it (your return) doesn't make sense. The value of Bitcoin, at least today can only be compared to Fiat. Perhaps in 20 years that won't be the case.
All BTC has been obtained with some fiat. Whether it was bought or mined, there was a USD cost to obtain it. To ignore that seems a fallacy to me.
dead on, absolutely
i have heard some crazy things about only comparing btc to btc on this thread... but to people who dont realize how value is determined---(just an example to make a point)lets say a car is 10,000 or 20 btc(1btc=500 for examples sake) then btc rises to where 1btc=10,000. would you still pay 20 btc for it?? if its true with larger numbers its true for smaller ones... btc roi and roi can be differnt
Thank you guys! Finally somebody gets it. I've been saying this for two years now!!!
If you invest in bananas, and the bottom drops out but you trade them for papayas and that market rises, the profit is STILL valid, regardless of the form it takes. If you invested USD into a mining device when BTC was at 20 dollars and caught the rise to 1200, and then cashed out your difference, you made a profit. Currently, the only mining I'm not even or profitable on is my gridseed, cuz I've only had it a couple weeks. At this time, electricity is not yet a killer for me, and my equipment has broken even, even though it's small. In one case it was free, in the others I have made my investment back. In some cases it was in BTC and others it was in Fiat, and others it was other cryptos. Currently, most of my BTC earnings and all of my alt earnings are going into TEK for it's staking and IMAO, it's long term value.
Profit is gain. It's form is only relevant statistically. If you have gained over your investment, you have profited.
The only argument on this that I've seen that I agree with is that in the long term, holding BTC *might* be a higher profit. But you never know, given the volaltility of the market.
for many of us, holding our bitcoins for the long term is just not feasible, yes, it's inevitable that in years to come, BTC will be an awe-worthy value upon which we will all say "I wish i'd just held onto those..." but in the real world, this isn't always achievable for many people.
What is achievable, is that we, as a community can keep mining in one way or another, continuing with the enjoyment of seeing the network upheld and pursuing the effort to 'keep up' with difficulty.
Yes, currently; we are at a boom, bitcoin is still very new and the current value is still very decent in the scheme of things. Decent enough so that people are not left behind, when they need to cash out to pay bills...
To any disbelievers in any method, company, cloud, manufacturer; remind me how many block halving we have had, to date?
there is a long way to go.
