Post
Topic
Board Economics
Re: I am out of here!
by
piit79
on 13/04/2013, 12:10:54 UTC
No valuation becomes a profit or a loss until you exchange back into the currency you started with. So if you bought coins at $250 each, then you haven't lost any money, or become "less rich" unless you sold those coins for a loss. So no one has done anything but declined in value. Which, as we have clearly seen, can climb quite quickly.

Good point. It's all virtual unless exchanged.

As much it pains me that I didn't manage to turn the crash into more coins I think the crash was actually good. The steep growth wasn't healthy.