Bitcoin Thread

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John Tempus said:
Oh god nevermind. You dont grasp economics or the actual facts I am pointing out.

Nor do you have the ability to realize what we are discussing, just keep doing your thing and live in whatever pretend world that might be.

Reality is against your logic unfortunately.

I thought this thread had some purpose of educating people but with you its a lost cause.

PS. If you gained fewer purchasing power against BTC with your altcoin, when you trade it in for BTC you would have LESS BTC , you wont suddenly make up for the months you lost out on while your altcoin BTC purchasing power tanked. Let that sink in just for a few days before you try and contemplate that.
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Dude why are u repeating something so simple? If I buy gold and not silver and silver goes up more than gold, then I was better off buying silver. Ok see? I grasp that.

If an apple is 1 rand and a orange is 2 rand and I spend 10 rand buying both, I get 10 apples and 5 oranges.

Apples go up to 2 rand. I can now either :

Buy 10 oranges.

Or cash out.

If I cash out I get 20 rand.

If I buy oranges, I have 20 rand more worth of oranges. If I cash out those newly bought oranges then I still have 20 rand.

Simple stuff.
 
Countcrypto said:
Dude why are u repeating something so simple? If I buy gold and not silver and silver goes up more than gold, then I was better off buying silver. Ok see? I grasp that.

If an apple is 1 rand and a orange is 2 rand and I spend 10 rand buying both, I get 10 apples and 5 oranges.

Apples go up to 2 rand. I can now either :

Buy 10 oranges.

Or cash out.

If I cash out I get 20 rand.

If I buy oranges, I have 20 rand more worth of oranges. If I cash out those newly bought oranges then I still have 20 rand.

Simple stuff.
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No you dont understand correlation between 3 different assets in value pool ALTCOIN/BTC/USD being the 3 assets.

Pick up an economics book or something, I am done responding in detail to something that flies over your head.

Your example posted is also laughable without holding any merit to what we have been discussing and you have been arguing against. Are you attempting to move the goal posts this late in the game ?

Keep trolling I guess.
 
John Tempus said:
No you dont understand correlation between 3 different assets in value pool ALTCOIN/BTC/USD being the 3 assets.

Pick up an economics book or something, I am done responding in detail to something that flies over your head.

Your example posted is also laughable without holding any merit to what we have been discussing and you have been arguing against. Are you attempting to move the goal posts this late in the game ?

Keep trolling I guess.
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No, I perfectly understand the correlation between the 3. What have I said that leads you to believe I don't? I can't actually imagine what I have said you find problematic. Everything you say is incredibly simple and obvious to me, so I think maybe the confusion is on your side, so go easy on the insinuating I don't understand basic economics. I can humbly assure you I am of more than adequate intelligence and this is not my first rodeo.
 
Countcrypto said:
No, I perfectly understand the correlation between the 3. What have I said that leads you to believe I don't? I can't actually imagine what I have said you find problematic. Everything you say is incredibly simple and obvious to me, so I think maybe the confusion is on your side.
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The fact that you dont seem to comprehend that your altcoin assets are actually losing value since January 1st and the only thing that is making you believe it is rallying is the fact BTC/USD is performing so well.

Think of it this way as a hypothetical. Would you diversify into copper,silver,diamonds,medicine if all it took for all it took to make all these assets crash at higher percentage loss if gold crashed ? A single asset will destroy all your diversification because in this example just like with altcoin if Bitcoin crash 1% these altcoins will directly crash 2-3% and usually even more extreme when it is this tightly relying on BTC performance.

So in this hypothetical why diversify into assets that grow at half or less in value outcome when you could just be in a single asset gold which gains at higher percentage value outcome and at the same time determines the price of all the other assets ?

This is where you realize that you are exposing yourself to an asset or list of assets ie. altcoins that at this moment is doomed if BTC shakes.

Now if you understood this you would not have kept arguing that altcoins gained in value, you would have moved into BTC until the altcoins make a shift where its BTC purchasing power improves or levels out so the asset can gain/lose on its own and not held alive by a single asset ie. BTC.

This is my last reply to you , if this does not make you realize just how lost you have been arguing that you are gaining then nothing will convince you. At this points its a mere illusion as pointed out before that can vanish with a single BTC shake out overnight, sound investment right ?

Anything is obvious after it is explained in detail, I dont for a second believe you had any clue of the value correlation between altcoins and BTC up until this entire discussion but you can keep bluffing if you want.
 
John Tempus said:
The fact that you dont seem to comprehend that your altcoin assets are actually losing value since January 1st and the only thing that is making you believe it is rallying is the fact BTC/USD is performing so well.

Think of it this way as a hypothetical. Would you diversify into copper,silver,diamonds,medicine if all it took for all it took to make all these assets crash at higher percentage loss if gold crashed ? A single asset will destroy all your diversification because in this example just like with altcoin if Bitcoin crash 1% these altcoins will directly crash 2-3% and usually even more extreme when it is this tightly relying on BTC performance.

So in this hypothetical why diversify into assets that grow at half or less in value outcome when you could just be in a single asset gold which gains at higher percentage value outcome and at the same time determines the price of all the other assets ?

This is where you realize that you are exposing yourself to an asset or list of assets ie. altcoins that at this moment is doomed if BTC shakes.

Now if you understood this you would not have kept arguing that altcoins gained in value, you would have moved into BTC until the altcoins make a shift where its BTC purchasing power improves or levels out so the asset can gain/lose on its own and not held alive by a single asset ie. BTC.

This is my last reply to you , if this does not make you realize just how lost you have been arguing that you are gaining then nothing will convince you. At this points its a mere illusion as pointed out before that can vanish with a single BTC shake out overnight, sound investment right ?

Anything is obvious after it is explained in detail, I dont for a second believe you had any clue of the value correlation between altcoins and BTC up until this entire discussion but you can keep bluffing if you want.
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Where have I ever shown a lack of understanding of the franky incredibly simple concept you two repeat and repeat? Where have I ever attemped to contradict it ? The only thing I can't understand is how you derived that perspective from what I said? It makes me skeptical of your comprehension skills.

I have made 3 simple, but true points.

The correlation between btc and an alt coin and fiat are directly correlated. Just as the relationship between fiat and apples and oranges are correlated. Fiat is just, after all, a way of quantifying that relationship. I really hope I haven't blown your mind, because that's pretty basic economics and it would be humiliating given the shade u handed out.

Yes, I understand and acknowledged I might have been better off if I bought bitcoin than various alt coins in fiat value. But it's simply untrue to claim alt coins have devalued when in fact they have gone up.... IN FIAT value. So while a potentially worse investment compared to btc, still a better investment that staying in fiat, because relatively they went up in value. Simple stuff guys. Very grug brain simple stuff. Apples and oranges both go up in value. I might not get more apples for my fiat than I could have gotten oranges, but I still got more fiat over all by buying oranges.

Long term I believe alts will have bigger gains, but that's simply what I believe and I never claimed anything more.

Which of these things are wrong?
 
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Dude, nobody claimed that it was better to stay in fiat than in alts. What we're saying is that alts have gone down as they are traded against BTC. That their USD value fluctuates is a side effect of BTC's USD value fluctuating. This negates your entire apples and oranges analogy as neither are dependent on the other.

What we're saying is it makes no sense to invest in alts just for the sake of investing in alts. If BTC tumbles then so does most of your alts and if BTC gains your alts don't gain the same amount so you're taking on extra risk with no benefit.

Nothing wrong with some alts if you believe they are good value but to simply believe that alts in general have better value has been proven wrong. So to place your trust in alts in general is just plain wrong. Nothing wrong with an alt if you believe it will win out over Bitcoin eventually. I got some 4,741 OKO for shits and giggles when it still looked like they would have an actual product.
 
USDT just hit a two month low.
Now 0.45% undervalued.
 
Bitcoin is on fire. Almost touched $13k on Coinbase. Is it too early to call for a new ATH before 2020?
 
People making money from that very same madness - threw in 2 bucks just for kicks last night and went to bed - woke up to almost 10x. Got out of the trade and the madness continued - went up like $600 after that.
 
Might be time to pull my "investment", pay off my home loan and be done with it.
But, the FOMO is strong with this one.
 
Countcrypto said:
But it's simply untrue to claim alt coins have devalued when in fact they have gone up.... IN FIAT value.

Which of these things are wrong?
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Swa said:
Dude, nobody claimed that it was better to stay in fiat than in alts. What we're saying is that alts have gone down as they are traded against BTC. That their USD value fluctuates is a side effect of BTC's USD value fluctuating. This negates your entire apples and oranges analogy as neither are dependent on the other.
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Another analogy:

TURTLE.png
 
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RaptorSA said:
Might be time to pull my "investment", pay off my home loan and be done with it.
But, the FOMO is strong with this one.
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That's what I thought when I had R80k from just 0.25 BTC. Nobody told me to pull out. Not saying you should pull out, but not saying you shouldn't.
 
RaptorSA said:
Might be time to pull my "investment", pay off my home loan and be done with it.
But, the FOMO is strong with this one.
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I am also thinking it would be a wise time to sell off my btc, with the old adage of being cautious when others are greedy and vica versa. But then I look at the charts and there's little to no resistance or traded history between here and 20k. Sure there should be some correction, but even with a 40% dump the trend is surely still bullish up towards new all times highs. If it does go post 20k it's in untraded territory again and it could absolutely parabolic.
 
How can you say "the trend is surely still bullish up towards new all times highs"? You can't know that. The trend can also be down from an all time high of $19500 never to be repeated. See this is the problem I have with you, you see sureties where there are none so you're in blind fomo mode instead of being objective.
 
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