Post
Topic
Board Bitcoin Discussion
Re: I'm fucking out. bitcoin will be over soon..confirmed.
by
Trent Russell
on 25/01/2015, 12:43:01 UTC

Do you really call "Coinapult" a solution?  Do you seriously think that they really could survive holding a 79% loss on the books for over 6 months & still be able to pay commitments?
To (hedge) a 79% loss you need an alternative income source to support it.  Located in Panama, I imagine they have so many other alternate income streams, really?
I wouldn't count on them fulfilling their commitments when the BTC price fluctuates wildly.


79% of what?


79% of what?  The high bitcoin price $1,200 to $250 = 79% decrease


I explained above why a loss (or gain) in bitcoin relative to the locked currency does not imply a loss on the books for the service. (It's not complicated.) For some reason you're still pretending that a 79% loss in the price of bitcoin relative to the USD implies the service provider has a 79% loss on the books. Now the question is: what is your motive in pretending that?