Post
Topic
Board Economics
Re: Bitcoin trading strategy
by
arallmuus
on 25/06/2015, 10:52:31 UTC
No it is not this case. Basically you are seeing this from the price perspective that is why you and most people are getting the wrong thoughts on it. It is not about the price but merely about what price are you gonna buy it at

i.e I bought at $240 and sell at $242. Im thinking that I am a winner while the buyer is a loser ( this is from the traders perspective, my point of view as well) however Deisik and Borisz pointed out that this isnt always the case because someone that bought at $242 do need the BTC for other stuff which means that in his own point of view he is a winner as well because he got the BTC at the price that he desired for

It doesnt actually matter on how he will spend it because what matter the most is on what price is he buying it at and someone who bought BTC at his desired price is a winner as well.

P.S : hope this clears out , basically this whole things is caused by my silly quote that is only viewing it from a trader's point of view

-snip-

So without knowing what I'll use my coins for, it is hard to say who has lost. If you win, good for you, but that doesn't automatically mean that the other party has made a bad deal. It all depends on the perspective.

There is no no way to know what the others will do with the coins purchased. Everyone who purchased at this desired prices is indeed a winner no matter what he is using it for if we left out the "trading" and "purchasing" part.
The fact is someone willing to buy at X prices means that he wants it at the X prices , if he dont then he can always look for the other prices , this means that he bought at his desired prices despite what he will be doing with it later on

(No insults intended anywhere)


Of course not, having a conversation and discussion about a thing is a good way to correct yourself as well. I am pretty much open to be corrected by anyone who thinks that my argument might be wrong or missleading. Feel free to counter me up whenever you encounter my misleading post or hit me up for discussion through PM  Wink

that stuff is $ $240 in fiat money but in btc its worth only $220 so that its mean that you won or earn a profit by doing that . That is my only point.

This is what Borisz wrote exactly, however even if you are buying something for lost . I'd say that it doesnt matter, you are a winner as long as you bought at your desired prices