The Chinese were right

[Amph]

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]

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.

[dedcoin]

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

[MrBig]

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]

...
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]

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