More champagne, mister JuanGee?
For what reason, champagne, roach? Does not really seem like a celebratory period for BTC HODLers - to have the BTC price go down and then continue to go down and down and down...
You bring up an interesting point. For if the cost of production of silver was $14-15 or so and in some type of alternate dimension it started to sell for $2, I would immediately sell everything I own and buy it all up.
What is so interesting about that? we are not talking about silver. We are talking about bitcoin.
Yet, if the price of bitcoin crashes and goes lower...and lower...and lower as you say, there's no point in which that's actually a valid strategy, because as you say, it can always go even lower...even to zero.
I doubt that I said that. I just said that people don't seem to be in the mood for champagne right now, including myself.
If something has absolutely no price floor whatsover, could you explain how it's supposed to function as "a store of value"?
Did I say that bitcoin does not have any price floor whatsoever? You seem to be selectively reading too much into what you wished that I would have said, so in that regard, there seems to be little need to explore your pie in the sky hypothetical because you likely know the answer as well as I do, but you are only asking the question based on a made up hypothetical because you want to take fantasylandia talk rather than real world and grown up talk.
In other words, snap out of your fantasy, and GROW The fuck up, roach!!!!!
It appears you're providing evidence for the Dan Larimer philosophy of shitcoins: they're a distributed (not even decentralized) business that works the same as something like the UPS. You just pay some guy a fee to deliver a payload from point A to B. There is no real store of value mechanism at play, just as nothing at the UPS store has any type of store of value. It's all just paying for a service. You're required to purchase the native shitcoin to pay for the service, but the shitcoin doesn't actually function as a store of value (the last sentence Larimer likely knows to be true but would prefer not to talk about it).
Huh? What does Dan Larimer have to do with bitcoin? He's an altcoin pumper and creator.. He's a distractor to bitcoin.. .Can you focus yourself, roach? If you want to talk about bitcoin, then bring up some real examples, not some stupid shit about whatever the fuck Dan Larimer happens to be doing, as if anyone in this thread, including myself gives a shit? or believes Larimer to be relevant to talking about bitcoin price walls and observing them?