- Jul 27, 2006
- Detector(s) used
- Minelab_Equinox_ 800 Minelab_CTX-3030 Minelab_Excal_1000 Minelab_Sovereign_GT Minelab_Safari Minelab_ETrac Whites_Beach_Hunter_ID Fisher_1235_X
- Primary Interest:
- All Treasure Hunting
Remember you said there was no way to buy from stores with crypto and I explained how that is wrong.Yes, it's similar to speculating in stocks, but it's not a stable or safe currency. The dollar doesn't lose 1/3 of it's value in one month. Speculative play, yes. Currency, no.
Here's what's wrong with Bitcoin. If I sell my car for 1/2 of a Bitcoin today (say 24k) and Bitcoin crashes 5k tomorrow, I just lost $2,500 on the sale of my car. Not acceptable and not how real currencies work.
Buying crypto is liking buying stocks, yes you can lose money and you can also make money, and just like stocks, you don't lose anything if you don't sell, you ride it out just like you would stock on a dip.
Your half bitcoin is still there and you haven't actually lost anything except on paper unless you sell just like a stock that drops in value.