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Author Topic: The Chinese were right  (Read 2533 times)
Amph
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October 14, 2014, 07:58:29 PM
 #21

Ah, if I get 100$ today, what is the decline in one week?

If you had $100 last week you could have bought .3 bitcoins.
Now you can only buy .25 bitcoins.

Your money is losing value.

this could be used against who say that the quote "you don't lose unless you sell" is bullshit lol
piramida
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October 14, 2014, 08:04:16 PM
 #22

Ah, if I get 100$ today, what is the decline in one week?

If you had $100 last week you could have bought .3 bitcoins.
Now you can only buy .25 bitcoins.

Your money is losing value.

this could be used against who say that the quote "you don't lose unless you sell" is bullshit lol

but with fiats, you lose even if you don't sell - because their inflation goes one way. your dollar will never be able to buy more than today.

i am satoshi
dedcoin (OP)
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October 14, 2014, 09:17:31 PM
 #23

what does that have to do with the Chinese?!
Well, that's how the Chinese gov decided to treat bitcoin: "commodity" rather than "currency".

Were they right? only time will tell

First bitcoin bought at $70
MrBig
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October 14, 2014, 09:22:16 PM
 #24

Ah, if I get 100$ today, what is the decline in one week?

If you had $100 last week you could have bought .3 bitcoins.
Now you can only buy .25 bitcoins.

Your money is losing value.

this could be used against who say that the quote "you don't lose unless you sell" is bullshit lol

but with fiats, you lose even if you don't sell - because their inflation goes one way. your dollar will never be able to buy more than today.

If you know where to look, you can find cheaper prices, so that dollar can stretch further. The same can't be said for BTC at this point, as we're still limited where we can spend it, and we have to pay premiums to acquire it.
NotLambchop
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October 14, 2014, 09:23:09 PM
 #25

...
but with fiats, you lose even if you don't sell - because their inflation goes one way. your dollar will never be able to buy more than today.

Good argument for investing in Bitcoin.  And lottery tickets.
Meuh6879
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October 14, 2014, 09:27:29 PM
 #26

but with fiats, you lose even if you don't sell - because their inflation goes one way.


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