Post
Topic
Board Bitcoin Discussion
Re: Can you answer a couple of questions to a potential bitcoin buyer?
by
franky1
on 02/02/2022, 16:27:01 UTC
ok.. this guy is being arrogently ignorant.

last time, just for fun

you are not buying the ability to watch a number.

you are buying a medium of exchange that has a cost.
that cost is somewhere between $35-$85k right now

depending on how available it is for you to get, either o-t-c, market or mining. is a deciding factor of covenience, ability and time it requires to get 1btc for the different methods.

EG if you live in kazahkstan you could probably find a way to get it for $37k instead of the market price of $39k
EG if you live in germany you wont want to get it from mining at $80k+, so instead prefer the market price of $39k

but no where, no place, no way can you get bitcoin for $2 . so the value of bitcoin is not $2
near everyone is willing to sell for atleast $35k. and make profit if they sell for more.

its not like there are 2 people rolling 14,000 dice each where by they both get a random number. of meaningless. each. and then agree on a middle.

instead its based on acquisition costs. that value between a current value window of $35k-$85k where diffferent regions have different price points. where some can buy it real cheap vs other places where its at a bit of a premium to other methods of acquiring

the reason they want it in the first place is a multitude of reasons.
the way that its a currency that offers different features that banks dont
the way that its a currency that offers different less restrictions than banks do
how you can hand it to another owner without needing to explain reasons
how you can buy things with it
how you can be the sole controller of transfers
how it is irreversible
how its immutable
how it does not rely on government involvement
how its deflationary, to hedge against inflation
you can treat it like a 'trust' without having to get a solicitor/lawyer to draw up 'trust documents'
you can use it like an off-shore tax shelter. store value without having to do any banking shuffling
keep it as a pension pot or assign it as inheritance without having to do complex Will's or contracts
.. and so on