Quote from: franky1 on June 28, 2022, 12:01:04 PM

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its about finding the ultimate bottom.. the actual bottom cost they refuse and impossible to sell below.. . concentrating on the low/bottom
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Alright, first off, Thank you for taking time to explain all of it with such thoroughness.

Can you please say what's in your opionion is the ultimate bottom for BTC? Yeah, I know it will be just your opinion, not a financial advice, but still it would be interesting to know your opinion on this matter.

Quote from: tadamichi on June 29, 2022, 04:38:58 PM

Quote from: HardFacts on June 29, 2022, 03:07:17 PM

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And still your loaf of bread is terrible money and will get bad if you don’t use it in some productive way. That’s why it’s not used as money.

While Bitcoin is just amazing at being money, and that’s enough for being just money. How many times did you use fiat for other things than money? You can’t eat, drink or do anything with it. And yet still want it more than a loaf of bread, that’s the irony. You don’t even understand money and would still prefer it over an actual economic resource. Because you understand that money can acquire you any economic resource you want, and that’s the purpose of money. Enabling universal indirect trade.

There’s a difference between an economic resource and money. Money is non-productive by nature, while economic resources are. This means money is used to acquire, trade economic resources and make production happen, but not used to produce something directly. While economic resources are used in the opposite way. The good that can fulfill the function of money best, will become the dominant money, it’s that simple. It doesn’t matter if it’s usable in different ways itself or not, for its success as money.

Good point, mate! I was thinking on replying him, but then I read your reply. I couldn't do it better.