Bitcoin Forum
October 22, 2021, 12:29:05 AM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Bitcoin value?  (Read 2666 times)
brg444
Hero Member
*****
Offline Offline

Activity: 644
Merit: 504

Bitcoin replaces central, not commercial, banks


View Profile
December 27, 2014, 08:38:39 PM
 #41

... but holding Dollars now seem very risky...

Bro, over the past year the dollar has lost less buying power than BTC has over the past 24hrs.  Learn life.

Keeping Dollar instead of Bitcoin was a good trade this year but long term I don't think it will. Rich people have their wealth in assets not fiat.
You need to look at a much longer time frame then just one year when determining how good of an investment something is/was. Looking at a one year ROI is an arbitrary short time frame. If you were to double that and look at a 2 year ROI you will see that someone who purchased bitcoin this time in 2012 would have grown their money by ~30x while the value of their dollar would have been roughly the same (there was very low inflation over the past 2 years)

A year timeframe is far from "arbitrary."  37 days would be arbitrary.  2 years would be arbitrary,  A year is a natural.
A year is also far from "short" for Bitcoin--Bitcoin's entire history is 5 years, 3 of which were spent in single-digit obscurity.

But hey, if Bitcoin is going to be huge in 9009, I think I'll pass on it for the time being.
On a more positive note, Bitcoin's been getting some recognition lately.  What was it, "The worst investment of 2014"?

What the fuck does "natural" even mean?

A year is absolutely arbitrary. The market doesn't care about the laws of the universe or how long the orbital period of Earth moving around sun is.

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
1634862545
Hero Member
*
Offline Offline

Posts: 1634862545

View Profile Personal Message (Offline)

Ignore
1634862545
Reply with quote  #2

1634862545
Report to moderator
1634862545
Hero Member
*
Offline Offline

Posts: 1634862545

View Profile Personal Message (Offline)

Ignore
1634862545
Reply with quote  #2

1634862545
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1634862545
Hero Member
*
Offline Offline

Posts: 1634862545

View Profile Personal Message (Offline)

Ignore
1634862545
Reply with quote  #2

1634862545
Report to moderator
brg444
Hero Member
*****
Offline Offline

Activity: 644
Merit: 504

Bitcoin replaces central, not commercial, banks


View Profile
December 27, 2014, 08:41:32 PM
 #42

On a more positive note, Bitcoin's been getting some recognition lately.  What was it, "The worst investment of 2014"?

You win some you lose some


"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
NotLambchop
Sr. Member
****
Offline Offline

Activity: 378
Merit: 254


View Profile
December 27, 2014, 08:55:33 PM
 #43

... but holding Dollars now seem very risky...

Bro, over the past year the dollar has lost less buying power than BTC has over the past 24hrs.  Learn life.

Keeping Dollar instead of Bitcoin was a good trade this year but long term I don't think it will. Rich people have their wealth in assets not fiat.
You need to look at a much longer time frame then just one year when determining how good of an investment something is/was. Looking at a one year ROI is an arbitrary short time frame. If you were to double that and look at a 2 year ROI you will see that someone who purchased bitcoin this time in 2012 would have grown their money by ~30x while the value of their dollar would have been roughly the same (there was very low inflation over the past 2 years)

A year timeframe is far from "arbitrary."  37 days would be arbitrary.  2 years would be arbitrary,  A year is a natural.
A year is also far from "short" for Bitcoin--Bitcoin's entire history is 5 years, 3 of which were spent in single-digit obscurity.

But hey, if Bitcoin is going to be huge in 9009, I think I'll pass on it for the time being.
On a more positive note, Bitcoin's been getting some recognition lately.  What was it, "The worst investment of 2014"?

What the fuck does "natural" even mean?

A year is absolutely arbitrary. The market doesn't care about the laws of the universe or how long the orbital period of Earth moving around sun is.

It is a standard measure of time used by Earthlings, being "the orbital period of the Earth moving in its orbit around the Sun."
When I speak to Earthlings about Bitcoiners, I often suggest that a typical Bitcoiner's financial acumen is that of a five-year-old, instead of "2.5 two_year-old," or "49 37-day-old)."

Financial statements are also not typically issued in "2-yearly" or "37-day" statements.
Hope this helps Smiley
funtotry
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250


Ever wanted to run your own casino? PM me for info


View Profile
December 28, 2014, 09:02:23 PM
 #44

... but holding Dollars now seem very risky...

Bro, over the past year the dollar has lost less buying power than BTC has over the past 24hrs.  Learn life.

Keeping Dollar instead of Bitcoin was a good trade this year but long term I don't think it will. Rich people have their wealth in assets not fiat.
You need to look at a much longer time frame then just one year when determining how good of an investment something is/was. Looking at a one year ROI is an arbitrary short time frame. If you were to double that and look at a 2 year ROI you will see that someone who purchased bitcoin this time in 2012 would have grown their money by ~30x while the value of their dollar would have been roughly the same (there was very low inflation over the past 2 years)

A year timeframe is far from "arbitrary."  37 days would be arbitrary.  2 years would be arbitrary,  A year is a natural.
A year is also far from "short" for Bitcoin--Bitcoin's entire history is 5 years, 3 of which were spent in single-digit obscurity.

But hey, if Bitcoin is going to be huge in 9009, I think I'll pass on it for the time being.
On a more positive note, Bitcoin's been getting some recognition lately.  What was it, "The worst investment of 2014"?
Your statement is true for financial statements however it is misleading when measuring the performance of investments. There have been many scandals where mutual fund companies had used specific measurements to make it look like their funds' performance was better then the index they were trying to beat by measuring at arbitrary times, over arbitrary timeframes.

Anytime you want to measure an investment's performance you want to look at as long as a timeframe as possible to get the most accurate result

NotLambchop
Sr. Member
****
Offline Offline

Activity: 378
Merit: 254


View Profile
December 28, 2014, 09:18:50 PM
 #45

... but holding Dollars now seem very risky...

Bro, over the past year the dollar has lost less buying power than BTC has over the past 24hrs.  Learn life.

Keeping Dollar instead of Bitcoin was a good trade this year but long term I don't think it will. Rich people have their wealth in assets not fiat.
You need to look at a much longer time frame then just one year when determining how good of an investment something is/was. Looking at a one year ROI is an arbitrary short time frame. If you were to double that and look at a 2 year ROI you will see that someone who purchased bitcoin this time in 2012 would have grown their money by ~30x while the value of their dollar would have been roughly the same (there was very low inflation over the past 2 years)

A year timeframe is far from "arbitrary."  37 days would be arbitrary.  2 years would be arbitrary,  A year is a natural.
A year is also far from "short" for Bitcoin--Bitcoin's entire history is 5 years, 3 of which were spent in single-digit obscurity.

But hey, if Bitcoin is going to be huge in 9009, I think I'll pass on it for the time being.
On a more positive note, Bitcoin's been getting some recognition lately.  What was it, "The worst investment of 2014"?
Your statement is true for financial statements however it is misleading when measuring the performance of investments. There have been many scandals where mutual fund companies had used specific measurements to make it look like their funds' performance was better then the index they were trying to beat by measuring at arbitrary times, over arbitrary timeframes.

Anytime you want to measure an investment's performance you want to look at as long as a timeframe as possible to get the most accurate result

In that case, Bitcoin is an infinitely good investment, its IPO price was 0 [zero].
This also makes Dogecoin, Litecoin, and every shitcoin still being mined an infinitely good investment.

If it's not obvious (and, on this forum, I've learned to take nothing for granted), I'm joking.
Investing in a pyramid scheme is smart, provided you know that it's a scheme & can get out early.  Investing in one when it's starting to crumble is not.
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!