Quote from: TelevisionLover on March 19, 2018, 12:45:46 AM

Quote from: mlkvch on March 18, 2018, 08:54:50 PM

2. You don't lose money unless you sell.

I do not get this statement people use. How is this a perk? One can state if you buy any tangible item and dont use it, and dont sell it, you will not lose its valuation. I understand it cannot be applied to everything, but it seems to be a loosely-chained perk.

Example:

I can buy a car for 20k USD. I wont use it regularly, just keep maintaining it. I wont lose any money because I wont sell. If I do sell, I can just wait 40 years, and my car valuation (as long as I didnt use it too often, and kept it maintained) may increase tremendously.

Another point to make is that there is no guarantee the price of bitcoin will go up when you buy it. It could easily go down.
Thus, why state that you wont lose money unless you sell?

What happens if bitcoin becomes a dud as a currency, just like DTC? And the USD valuation becomes 100USD (not saying that it will), Does it mean that even if you bought your bitcoin at 20k and did not sell it until now, you still havent lost any money because you havent sold at its market price 100USD??

I do not want to sound rude, I just have a hard time getting the point of this statement. It does not seem as a great reason to buy anything. I feel like it would deter possible consumers more than anything.

Am I understanding this statement alright, or am I missing a point?

Please tell me if I am missing something,

TVL

Yes, you got the point right. Let's say you bought 1 BTC at $20k. It dropped to $10k. But if you don't sell, you still have your 1 BTC which means you didn't lose money. This works if you really believe in the potential of the currency you bought and that it will sky rocket someday.