Post
Topic
Board Bitcoin Discussion
Merits 2 from 1 user
Re: 1 BTC = 1 BTC. You only lose if you sell. You're buying inflationary fiat.
by
NeuroticFish
on 16/05/2022, 13:36:11 UTC
⭐ Merited by stompix (2)
Well, to be honest, I'm not that good at doing business at all anymore.
Five years of negotiating contracts to the penny (no joke!) have made me a negotiation hater, I would rather throw an old phone I wanted to sell out of the window than engage in 3 mins of negotiations with the person wanting to buy it.

I've never been good at negotiating, so don't worry Wink

But the point stays, common, everyone that read it immediately thought 200k/2 > 100k coin  70k profit, if I would post an ad and asking for one or two BTC for a car everyone would first evaluate it in dollars then check the price then comment. Or we could go to the extreme, why not spend 10k BTC 1BTC=1BTC and one pizza is still one pizza  Cheesy

The thing is that depending on where we're looking at this, always one will be wrong and one will be right. So I will, in the same time, agree with you and keep disagreeing with you. Grin

You're right that the current price (always) matters. But on the other hand, it matters only for the one who will buy or sell. If one decides to just hold for long, simply because he's no longer a good trader, or has never been, the price is just something not-really-relevant, which has a better chance to make him die of hearth attack before he gets to enjoy the returns of the investment. Or makes newbies panic sell (same newbies will be disappointed now, but may buy again when FOMO bubble is nearly at peak again).

So, price is important only if one indeed sells or buys. For the rest, don't panic, 1 BTC = 1 BTC.
Of course, you may also argue that one can sell high then buy back low, but there's a risk factor there, making the equation less straightforward.