lost over $150k this year
do you guys still think we could see $10k within 3years?
When you say lost........ you mean?
/\sell wife and farm ...buy bitcoin because some internet personality said so! lololol
*good times!*
sighh.. I doubt that, but I am curious how he has supposedly lost $150K
all his bitcoins were worth $150k more last year?
It's not so hard to understand that.
I was asking him, how he actually made the supposed loss, not asking you for a guess... not hard to understand
you don't "lose" until you SELL SELL SELL!!!!
===> I GET IT NOW!!!!
Hmm.. well there is the unrealised loss aspect, but he could be referring to unrealised gains, the old 20/20 "missed profits"
To exaggerate, he could have bought something like 116 BTC at $2 (for all we know) and then failed to exit the market at the peak last year , when his max profit could have been approx $150,000 and now feels he has lost $150,000 (the price at the peak) but really he lost the profit opportunity. IF he did buy low (say $2 as in my example above) and bought 116 BTC his costs would have been $232 for 116 btc, so he could say he has lost $150,000 by not selling, and omit that a) he has not sold yet, or b) that his coins are still worth approx $46,000 (a hefty profit still from $232) so then has he lost $150,000 or has he lost $104,000 or has he gained $45768 ?
Or did he spend $500,000 on Bitcoins, that are now only worth $350,000
Or did he buy in and out tarding and get burned, incurring $150,000 in loss.
etc, etc
There are many ways that particular cookie could crumble...
Essentially is this guy booking a $150,000 loss on his year end books?
Or are we looking at $150,000 through the 20/20 , if only I wudda, perfect hindsight glasses
They are all very different scenarios, and the question is worth asking imo.
i agree there are prolly so many early adopters that will panic sell in the next two weeks before they publish the final regs in new york.../\wayyyy too much risk if you bought at ten cents lol
