Quote from: empowering on Today at 06:26:18 PM

hmmmmmmm

Bitcoin is money 2.0

Bitcoin is property

etc

OK well I am your accountant, tell me what is your networth today ?

Well, at todays valuation, unless your accounting method is 1 btc = 1btc, then yeah, he has made a loss as far as any accounting method which makes sense.

Cannot have it both ways.

He bought high, and now , TODAY , it is worth less.

It takes mental gymnastics to make it anything other than that.

Own it ....

BTC price fluctuates, that is what the Y-axis is for... oh and it fluctuates over time, that is what the x-axis is for.

The value of future BTC, is unknowable... it could be $5000, it could be $1,000,000 + ....

There is a reason that we have price charts showing todays price.... because, it matters.

As of today, that guy is down almost half a billion dollars, his net worth , measured by today , is down half a billion dollars, it is what it is... own it.

I dunno why that is so hard for people swallow.

His opportunity cost, has depreciated by half a billion dollars..

Just imagine, if he waited, and bought today... and the market recovers to where he did actually buy.... then, he would have bought at half a billion dollars cheaper, (bought half a billion dollars more BTC) and then for example if he sold at the price he actually bought at, half a billion dollars+ in profit... and so would be almost a billion dollars up.

Say what ya like.... but I am sure he would rather have bought cheaper.... even if he intends to hodl.

It is not complicated, and someone pointing it out... is not an "attack" ffs

Fucking price moves both ways , get over it .

ffs

ok ok be a maxi, ok whatever you feel is best... but denying that the price moves both ways, denying that a guy who is down almost half a billion dollars, is somehow not "down" , as of TODAYS date... is peak delusional, peak "over invested" , peak cultish...

Stay honest ...BTC does not need smoke blowing up its ass by an internet cult, it is plenty plenty plenty impressive enough.

value has nothing to do with current loss.

no more complicated than that.

current loss is zero.